That is an interesting state of affairs isn't it? Why do we, the world, expect that large, supposedly more professional companies, communicate less honestly?

> Why do we, the world, expect that large, supposedly more professional companies, communicate less honestly?

Because being honest can hurt the share price.

But if this shows anything, it shows that the company has people who are on stand-by and who constantly monitor and optimize their product. Also, the fact that "the product" they are developing is not a consumable (think processors) there would be no recall cost for example, how can that hurt the shares ?

Particularly, it can hurt the share price on an horizon over which the C-level execs have their performance measured.

I would have thought it was the opposite way around! Private companies always seem so tight lipped especially being that they dont have to answer to shareholders.

You're not going to say to shareholders "please give me your money and also we're looking for expert because we lack expertise in the product we're doing"