Posted by davidbarker 4 hours ago
"The proposed offering consists of 825,000,000 shares of Class A common stock. Of these, 801,351,354 shares are being offered by Anthropic and 23,648,646 shares are being offered by certain existing stockholders. Anthropic will not receive any proceeds from the sale of shares by the selling stockholders."
WTF - so basically insiders / investors are dumping their stock on dumb money retail investors / our 401ks and the company is getting NOTHING?
Maybe founders and employees aren't allowed to sell yet?
The company is making a lot of money from the 800M shares they do own that they are selling.
All these valuations seem nuts to me, but who knows. Maybe there's some reason big enterprise will keep shoveling money into the Anthropic furnace to avoid downloading GLM.
Don’t do investment based on a series of heuristics, the actual details are what matters.
Also: Annualized Run Rate isn’t a standard metric. It’s a bullshit metric that doesn’t mean anything without the actual definition the company is using. It’s what startups use to impress gullible investors, not something a serious company relies upon…
As someone who uses a Claude enterprise plan at work and DeepSeek on my personal time, I can't imagine why my employer chooses to pay for Claude Code and I assume the accountants will wake up eventually.
But again, who knows? Oracle is still making money somehow.