108
Anthropic confidentially files for initial public offering on US stock market
(www.theguardian.com)
Let the unhinged enshitification begin!
this post was submitted on 01 Jun 2026
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how can you file confidentially for a public offering?
that's like throwing a public party where you are expecting to make money of the cover charge but not telling anyone about it
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.
Interesting. I thought companies usually waited until they at least had a good product or cashflow before going for enshittification.
You forgot about option 3: VC money ran out
Thing is, they tried to show that public adoption was large enough to warrant a $100B+ value, that basically everyone wanted AI. That was the difference between a $20B valuation and 100+. But several failures have occurred the last few months that hints at the public at large not wanting to adopt their tech in such quantities and the longer they wait the worse a signal it might send for the IPO. Lack of adoption, lack of progress towards AGI, dwindling returns, ballooning costs.
I estimate that the AI bubble will burst pre-IPO or during the IPO, thus not affecting the public at large. There's still a risk that they fudge the IPO numbers hard enough to create FOMO and people wanting to buy but they'd have to go dangerously close to fraud territory to make a good case. Just watch out for the first AI IPOs. There's likely a smaller AI company that'll go first that'll be a canary in the coal mine. If their IPO succeeds the big boys will make an attempt but if it fails they'll likely postpone an IPO indefinitely, making it a long, dragged out market correction, not a quick pop.
Already happened with Cerebras and they landed at a stable 2x of the open. SpaceX is probably going to be next & set the real standard
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 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.
And there is a waiting time after the IPO before cashing out is possible, half a year or so. Critics with some knowledge expected the bubble to pop somewhere in 2027, so with the half year waiting period they have to make their move soon or they'll sell on the downslope.
Got to cash out their shares using your pension fund before they go bankrupt.
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 😭
Real answer:
Depends on who manages your 401k. Some servicers do allow 'custom' or otherwise 'alternative' management options, with some allowing you to focus on specific companies or industries.
Others might take your call at least and if you raise enough of a stink you might get shoved into an alternative plan out of spite, but that's what you want, so you win.
Joke Answer
Take out all your money, pay off the fee, use the money to buy a used Komatsu D355A crawler tractor and at least a half pallet each of of concrete bags and rebar as well as an extra diesel tank and a decent amount of diesel. Then just find your local senator's personal home and
It’s a speedrun 🙃
I really hope that some of these big players in the AI market will stay private. There are already enough headwinds to them being a force of good in the world without having to report to shareholders of the lowest denominator.
Hmmm, well that can only go really bad or really good for investors, I would think. No middle ground here. It just depends on what the mob does.