• CinnasVerses@awful.systems
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    10 hours ago

    Owners of SpaceX or Anthropic equity have the potential to get rich if they sell about half of it soon after the IPO and buy a diversified portfolio of stocks, bonds, and real estate. It is likely that many of the grifters and the true believers will not, because grifters often come to believe in their own patter and believers believe number must go up.

  • ohulancutash@feddit.uk
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    10 hours ago

    The authors working hard to pretend that this isn’t standard practice for IPOs.

    • Architeuthis@awful.systems
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      7 hours ago

      Also that subterfuge and misdirection are par for the course doesn’t make this any better. If anything you’d expect such an obvious slum dunk trillion dollar world changing cancer curing robot god enabling infinity profit making technology to need much less of that to become attractive to investors.