So either big companies would lobby against their interest, or SEC would do something independently. Honestly I cannot decide which one is more absurd.

If some random company known to be the biggest money furnace that ever existed decides to do an initial Public offering, and continues to be the biggest money furnace that ever existed with no hopes of revenue...would that hypothetical company prefer to report the damages earlier than later?

Nobody knows about most companies, but either a big big public company will benefit from this, or a soon to be public company will benefit from this.

Would this benefit the big companies lobbying? No? Well, then it makes negative sense.

This certainly has nothing to do with money furnace AI companies incoming IPO and iminent private credit crash.

How many would be left after removing self promotion, AI generated content and "how I use AI?"(Claude code like everybody else)