ELI5: Explain Like I'm 5

Corporate secrecy

Okay kiddo, imagine you're playing hide and seek with your friends. You go hide behind a tree, but you don't want your friends to find you too quickly, so you keep quiet and don't make any noise. This is kind of like what corporate secrecy is all about!

When companies make products or provide services, they want to make sure that nobody can copy what they're doing. Think about it – if you had a lemonade stand and your secret recipe for lemonade was public, somebody could just copy it and sell the same thing as you! So, just like you didn't want your friends to find you while playing hide and seek, companies don't want their competitors to find out their secret recipes or strategies.

Sometimes companies use things like patents and trademarks to protect their ideas, but they also have to be careful about what information they share with others. They might even have strict rules for their employees about talking about work outside of the office.

Corporate secrecy can be important for businesses because it can help protect their profits and keep them competitive. But, it's important to remember that there are also laws about what companies can keep secret and what they have to share with the public, so they can't keep everything hidden forever.