Why I think Bungie will never go public. Being privately held among the employees keeps all the decisions in house. If you publicly trade, you end up having a board of directors voted in by the shareholders. This means that people with financial interests in mind could end up making decisions at Bungie's highest level, which would be bad for us, the fans. Why? Because those people do not understand how to make a game, or what it takes to get one out and would only do things that make them more money (like online passes).