Yesterday, Anthropic dropped the 335-page S-1 prospectus for its initial public offering on the NASDAQ. [SEC] The company plans to go public in mid-November under the ticker symbol “ANT” with an in…
  • ohulancutash@feddit.ukBanned from communityEnglish
    224·
    1 day ago

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

    • self@awful.systemsEnglish
      6·
      8 hours ago

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

    • corbin@awful.systemsEnglish
      9·
      11 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 communityEnglish
        19·
        11 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.systemsEnglish
      9·
      22 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.