This is a most excellent place for technology news and articles.
Market manipulation it is then. Let's go lads! I will be dancing over their grave once they go bankrupt.
I worked for a company once that went IPO and we had stock units assigned to us.
CEO: Companies try to stay private for as long as they can, they don't just IPO for the hell of it. They're trying to solve a problem with money. Maybe they owe people money, maybe they need to spend a bunch of money to take the company to the next level. An IPO doesn't fix any problems; rather, it turns one set of problems into a bigger, harder set of problems.
Founders try to cash in. They've raised the cow, now's the time to send it to the butcher for parts
You don't have to IPO to cash out, people cash out of private ventures all the time.
If the founders all want to cash out at once, or there's a iceberg that the see, or the company isn't as liquid as it needs to be to cash out....
I strongly suspect they either can't find or sustain the profit, or they think the bubble is close enough to get out early.
As the Bloodhound Gang said: Lift your head up high, and blow your brains out.
*Whoops, that's confidentially, not confidently. Still.
Life is short and hard, like a body-building elf
I don't remember that song.
Same song
Go listen to One Fierce Beer Coaster RIGHT NOW. I’ll wait right here.
Does the US Stock Market even mean anything anymore? It's been screwed and manipulated by so many people it's mostly a dead corpse that holds no real value for society anymore. Just a broken money tool of the rich.
I think, at this point, it's really just like a dozen people trying to control the world via trading money that is essentially meaningless to them.
And holds peoples retirements and investments.
Since you have very few places to put money into that won't get eaten by inflation.
Time to short the fuck out of them, I guess.
You absolutely should do that.
How does one do that and what does it mean?
The actual definition of shorting is that you borrow shares, sell them, buy back when cheaper, then return. This has infinite downside because it could go up and you don't know how much and you're on the hook for the shares borrowed.
The thing most people on wallstreetbets and the like do, is buy "put" options. It's a stock option contract that gives you the option to sell a certain amount of stock for a certain price before a certain date.
Example: Company's share price is 1000$. You believe it will fall to 500$ because you think it's super overvalued. You buy a bunch of put options for a date after what you think is correct, for say 900$. Since the price is lower than the current price, the options are cheap. Once the stock price actually drops below 900$, it the options go up in value. You can now just sell the options instead of actually exercising them (which would imply buying cheap stock and selling it for the more expensive price in your option contract).
Options can go up or down in value significantly more than the underlying stock. Very easy to lose all the gambled money, but if you get lucky, you can multiply your money. But as they say, the house always wins. And we're not the house.
Why do all these headlines say that a company "confidently" files for an IPO? I'm assuming it's just AI, but man is that tired and confusing.
Confidentially. I read confidently at first too.
So they confidentially go public. Makes sense lol
It does, actually. From the article:
Anthropic’s confidential filing will give regulators a period to look over the company’s financial disclosures before the AI firm’s investor prospectus becomes public. Filing confidentially has become common for major firms, with SpaceX approaching its IPO in the same manner.
[…]
“This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors,” Anthropic said.
Details of the IPO are being kept confidential.
OK, but same question
From my limited understanding this info will eventually become public as you imply but Anthropic must feel keeping this info private for now is in their benefit.
I fully suspect it would hurt their image and IPO and that’s why they are hiding it for now. To get as large of IPO as possible.
Interesting. I thought companies usually waited until they at least had a good product or cashflow before going for enshittification.
It is odd that the 3 big players are trying to rush to IPO... probably to dump their shit and cash out before the bag holders have time to sell... I've got a feeling they know it's going to crash soon.
They have a lot less runway to enshittify than everything else we've seen recently. Because AI is way more expensive than anything else we've gotten for "free". Which means they're already on borrowed time.
Hopefully they get it over with sooner rather than later. The longer it takes, the more my retirement savings gets fucked.
Did the rule that allows 401k to be invested in stocks like this shit get passed? Cause that's going to fuck so many peoples retirement (mine included). And when these companies pop, we're going to be holding the bag.
The mutual funds in a typical 401k are just a bunch of stocks like this, wrapped up in a value meal package.
If you have a 401k, you probably already own stock in Nvidia, Tesla, Microsoft, Google, Amazon, Meta, etc...
I know they're mutual funds but there was rules if I remember that didn't allow the 401k funds to be used for high risk stocks like these.
They have to beat OpenAI and SpaceXitter because they're afraid the investors will jump on the first AI bandwagon that comes around and have less or no money for them.
Got to cash out their shares using your pension fund before they go bankrupt.
i cant wait until the bubble bursts and every single ai company collapses
I can. They're propping up the whole stock market at this point. Pretty much the definition of "too big to fail." So when they inevitably fail, Congress is going to give them our tax dollars.
Congress is already giving them your tax dollars. They've gotten a number of tax breaks and subsidies.
A company worth 4 billion has produced 5 billionaire..its all a crock. Apologies, thought we were talking of Palantir.
how can you file confidentially for a public offering?
that's like throwing a public party where you are expecting to make money off the cover charge but not telling anyone about it
First an IPO has to get SEC approval. A confidential filing means they send the information to the SEC without it being generally available. The public prospectus follows after approvals are given.
good to know… thanks for the info
Poor wording. The content of the filing is confidential, not the act of filing.
I had read confidently and was like I bet you smug bastards.
