Wrong. You can buy stock from Apple and Facebook. What the hell are you taking about?
Private in the sense that it isn't a corporation that's regulated by the government. It is a capitalistic business that's allowed to regulate their content in order to preserve their own reputation that just so happens to have stock options available for public consumers.
Don't use the word "Private" because that denotes a company in which you can't buy shares/stock from.
A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock(shares) to the general public on the stock marketexchanges, but rather the company's stock is offered, owned and traded or exchanged privately. More ambiguous terms for a privately held company are unquoted company and unlisted company.
Just because this is a video game forum doesn't mean we can skew the cut & dry definition of what it factually means to be a "private" company.
No - Facebook, Google (YouTube), Apple are NOT private companies. Just because they're not government owned doesn't mean they're private. You guys are spreading misinformation.