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There are fewer publicly traded companies and the ones that do exists are larger than ever.

From Bloomberg: ==About 3,600 firms were listed on U.S. stock exchanges at the end of 2017, down more than half from 1997.==

https://www.bloomberg.com/opinion/articles/2018-04-09/where-...



This article also has some good statistics:

https://www.nytimes.com/2018/08/04/business/shrinking-stock-...




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