this post was submitted on 01 Jun 2026
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263
Anthropic confidentially files for initial public offering on US stock market (www.theguardian.com)
submitted 1 day ago by Wudi@feddit.uk to c/technology@lemmy.world
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[–] rumba@lemmy.zip 1 points 6 minutes ago

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.

[–] thespcicifcocean@lemmy.world 7 points 6 hours ago (2 children)

Time to short the fuck out of them, I guess.

[–] Kekzkrieger@feddit.org 1 points 1 hour ago

How does one do that and what does it mean?

[–] CanIFishHere@lemmy.ca 4 points 4 hours ago

You absolutely should do that.

[–] boaratio@lemmy.world 9 points 9 hours ago (2 children)

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.

[–] MacAttak8@lemmy.world 24 points 9 hours ago (1 children)

Confidentially. I read confidently at first too.

[–] prole@lemmy.blahaj.zone 8 points 3 hours ago* (last edited 3 hours ago) (1 children)

So they confidentially go public. Makes sense lol

[–] MacAttak8@lemmy.world 2 points 2 hours ago

Details of the IPO are being kept confidential.

[–] Regrettable_incident@lemmy.world 2 points 9 hours ago

I guess 'Slavering with greed' has too many letters.

[–] melsaskca@lemmy.ca 18 points 10 hours ago (1 children)

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.

[–] BeMoreCareful@lemmy.world 11 points 9 hours ago (1 children)

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.

[–] msage@programming.dev 3 points 2 hours ago

And holds peoples retirements and investments.

Since you have very few places to put money into that won't get eaten by inflation.

[–] cupcakezealot@piefed.blahaj.zone 17 points 16 hours ago (2 children)

i cant wait until the bubble bursts and every single ai company collapses

[–] tmyakal@infosec.pub 7 points 10 hours ago (1 children)

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.

[–] Peruvian_Skies@sh.itjust.works 10 points 5 hours ago

Congress is already giving them your tax dollars. They've gotten a number of tax breaks and subsidies.

[–] drmoose@lemmy.world 1 points 9 hours ago

People are delusional in believing this will actually happen and it just makes everyone passive and have inverse effect we want for just and fair society. So maybe stop waiting and start doing.

[–] Moxie_empathizer@lemmy.world 14 points 16 hours ago* (last edited 16 hours ago)

A company worth 4 billion has produced 5 billionaire..its all a crock. Apologies, thought we were talking of Palantir.

[–] reluctant_squidd@lemmy.ca 36 points 23 hours ago (2 children)

Let the unhinged enshitification begin!

[–] echodot@feddit.uk 4 points 17 hours ago (4 children)

Wait how can they make it worse?

[–] prole@lemmy.blahaj.zone 3 points 3 hours ago

Don't underestimate their creativity when it comes to making things worse for the plebs

[–] AEsheron@lemmy.world 3 points 6 hours ago

Well, they were one of the best of the turds. I was kind of hoping they'd stick around and be a mitigating force on the AI market that at least taps the brakes on all the bullshit. Seems unlikely now.

[–] one_old_coder@piefed.social 5 points 9 hours ago (1 children)

The usual IPO: layoffs, increase the price of the subscription, ads in the results.

[–] echodot@feddit.uk 3 points 6 hours ago

But won't that be good thing as it'll make AI less appealing to middle managers who are basically the only people who actually want to use it.

[–] reluctant_squidd@lemmy.ca 5 points 11 hours ago

By financially dragging anyone they can else they can in with them, in a desperate reach for riches. Or is it a desperate reach to try and cover their losses?

Probably both.

[–] very_well_lost@lemmy.world 8 points 21 hours ago (1 children)

...begin?

[–] reluctant_squidd@lemmy.ca 6 points 18 hours ago

I feel the enshitification is still yet partially hinged.

[–] absquatulate@lemmy.world 102 points 1 day ago (10 children)

Interesting. I thought companies usually waited until they at least had a good product or cashflow before going for enshittification.

[–] SupraMario@lemmy.world 110 points 1 day ago (5 children)

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.

[–] RxBrad@infosec.pub 1 points 31 minutes ago (1 children)

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.

[–] SupraMario@lemmy.world 1 points 23 minutes ago (1 children)

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.

[–] RxBrad@infosec.pub 1 points 18 minutes ago

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...

[–] artyom@piefed.social 19 points 1 day ago

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.

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[–] Tollana1234567@lemmy.today 2 points 14 hours ago* (last edited 14 hours ago)

they enshittified first before actually putting out a "product", also with so many AI ceos suddenly coming out trying to peddle some form of the "innovation, it got anthropoic nervous. Thiel, Karp, ALTMAN,google, MS,,,etc did it all the same time.

[–] Passerby6497@lemmy.world 21 points 1 day ago (1 children)

You forgot about option 3: VC money ran out

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[–] OhNoMoreLemmy@lemmy.ml 40 points 1 day ago* (last edited 1 day ago) (1 children)

Got to cash out their shares using your pension fund before they go bankrupt.

[–] chocrates@piefed.world 19 points 1 day ago (3 children)

Is there any way to get my 401k to not invest in this shit?
I don't want my entire retirement to go up in smoke... Again. There isn't even that much of it 😭

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[–] Jhex@lemmy.world 49 points 1 day ago* (last edited 3 hours ago) (2 children)

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

[–] ohulancutash@feddit.uk 9 points 16 hours ago (1 children)

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.

[–] Jhex@lemmy.world 2 points 3 hours ago

good to know… thanks for the info

[–] jonathan@piefed.social 31 points 1 day ago (2 children)

Poor wording. The content of the filing is confidential, not the act of filing.

[–] W3dd1e@lemmy.zip 7 points 18 hours ago (2 children)

But don’t the public investors need that info to decide? Like a prospectus?

I don’t know that much about IPOs. I’m just assuming.

[–] prole@lemmy.blahaj.zone 2 points 3 hours ago

Yeah, wanting to keep that private just seems shady and like it should be a major red flag

[–] ohulancutash@feddit.uk 7 points 16 hours ago* (last edited 16 hours ago) (1 children)

First the SEC and other authorities need to vet the offering. By filing confidentiality this initial stage is kept from competitors.

It means that instead of filing publicly 90-120 days ahead, they can hold off public prospectus to 21 days ahead of launch.

[–] wewbull@feddit.uk 4 points 5 hours ago

Well that's shady as fuck.

[–] Imgonnatrythis@sh.itjust.works 17 points 1 day ago

I had read confidently and was like I bet you smug bastards.

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