And over the last two decades, the center of gravity in capital markets has shifted dramatically toward private ownership. BlackRock CEO Larry Fink pointed out in his 2025 annual letter to investors that 81% of U.S. companies with revenue over $100 million are now privately held. The number of publicly traded companies has fallen roughly 50% since the 1990s. We usually blame regulation or quarterly earnings pressure. Those matter. But I think they’re secondary. The deeper issue is that public markets don’t have the machinery to value complex technology companies properly.
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相比之下，民用技术产品从未享受类似级别的防护标准。智能手机、个人电脑、路由器以及各种外设都没有被强制要求屏蔽或掩盖自身的电磁与声学辐射。 怀登和布朗批评称，政府在这一问题上长期保持沉默，导致普通消费者“既缺乏防护，也毫不知情”，而相关威胁不仅是美国政府的反情报问题，同样可能被外国对手用来窃取美国企业的关键技术资产。 为配合问责局评估，两人还公开了一份国会研究服务处的新报告，系统梳理了数十年来关于 TEMPEST 及其现代变体的公开研究成果。，更多细节参见服务器推荐