By ET Bureau - January 11, 2019 1 Mins Read
The Trump’s government shutdown for nearly three weeks is harming cyber and national security. The crucial Homeland Security, that takes care of cyber security, the largest part of the government’s responsibilities, is facing the biggest challenge. Of course, some of the other core government departments are still operational, among them the State, Treasury, Justice and Defense. The scary thing is that the SEC has been shut down since December 27, and only 285 of its 4,436 employees are available, and that only for emergency situations. There is a serious threat to companies ready to issue IPOs, due to the unavailability of SEC workers. Despite the fact that the strong unicorns like Umber and Lyft won’t suffer too much from the shutdown, this shutdown will certainly be a challenge for smaller businesses, particularly those in need of capital for growth , expansion or even daily operations. The delay this shutdown will cause in their IPOs will be a blow to their plans.
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