• lurker@awful.systems
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    16 hours ago

    Dumbass AI bros will probably still merrily buy away anyways. Because think about the Machine God and all those digital slaves instead of making any financial sense

  • CinnasVerses@awful.systems
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    1 day 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.ukBanned from community
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    1 day ago

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

    • self@awful.systems
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      18 hours ago

      the motherfucker who’s about to gamble away my 401k on this crap has entered and left the chat

    • corbin@awful.systems
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      21 hours ago

      Of the numbers that are present in the document, a lot are unaudited and were not worked out according to GAAP — which S-1 numbers are supposed to conform to. There’s whole multi-page subsections of these BS numbers that you should not see in a credible S-1.

      In the USA, GAAP is not optional for large businesses. GAAP is expected for businesses with thousands of customers at a minimum; Anthropic wants to scale up to millions of customers and therefore has zero excuses for non-GAAP numbers. Please be less UK-brained in the future, thanks.

      • ohulancutash@feddit.ukBanned from community
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        20 hours ago

        Making a fuss that the draft prospectus doesn’t have real numbers. These aren’t required until the final prospectus is published.

    • Architeuthis@awful.systems
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      1 day 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.