Deus Ex Spatula

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Deus Ex Spatula

Deus Ex Spatula

@DeusExSpatula

sensitive young man

New York, NY Katılım Eylül 2016
1K Takip Edilen741 Takipçiler
Deus Ex Spatula
Deus Ex Spatula@DeusExSpatula·
@BoringBiz_ Anthropic valuation at 1T has enormous future growth baked in. Google…does not.
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Boring_Business
Boring_Business@BoringBiz_·
If Anthropic has a trillion dollar valuation while Google has a $4.5 trillion valuation, there are only two conclusions to be drawn Either Anthropic is incredibly overpriced or Google is incredibly underpriced. The trick is to figure out which one is right
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Deus Ex Spatula
Deus Ex Spatula@DeusExSpatula·
What else is there to do but to read too much into things?....What a poor, thin, dull world we'd live in if we didn't. Besides, is it possible? There's always more meaning than we can lay our hands on.
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Deus Ex Spatula
Deus Ex Spatula@DeusExSpatula·
@ns123abc Look I think Sam is guilty as sin, and even I think this is a retarded line of questioning
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NIK
NIK@ns123abc·
Musk's lawyer: "Are you completely trustworthy?" Altman: "I believe so." Musk's lawyer: "But, you know, you don't know whether you're completely trustworthy." Altman: "I'll just amend my answer to yes." Musk's lawyer: "Should the jury believe your testimony?" Altman: "I think that's up to them, but I believe so." Musk's lawyer: "You believe so, or they should?" Altman: "Sir, I'm not gonna tell the jury what to think." Musk's lawyer: "Do you always tell the truth?" Altman: "I believe I'm a truthful person." Musk's lawyer: "It wasn't my question. Do you always tell the truth?" Altman: "I'm sure there is some time in my life when I have not." Musk's lawyer: "Have you told lies to advance your business interests?" Altman: "Uh, no." Musk's lawyer: "Have you misled people with whom you do business?" Altman: "I believe I am an honest and trustworthy business person." Musk's lawyer: "That wasn't my question, what you believe. Have you misled people with whom you do business?" Altman: "I do not think so." Musk's lawyer: "Would they think so?" Altman: "I can't answer that for other people." That was the opening of Sam Altman's cross-examination this morning.
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Joe Weisenthal
Joe Weisenthal@TheStalwart·
The FT says that Amazon employees are doing random unnecessary task automations to consume tokens and to show their bosses that they're using AI more ft.com/content/8ee0d3…
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nic carter
nic carter@nic_carter·
@TheStalwart This won’t last very long. It’s quite easy to measure developer efficiency in terms of tokens consumed per contribution. They will be judged on this.
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Lois McLatchie Miller
Lois McLatchie Miller@LoisMcLatch·
We have to talk about the weird trend of heavily sexualised pop stars dressing themselves as little girls 👇
Lois McLatchie Miller tweet mediaLois McLatchie Miller tweet media
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Yohei
Yohei@yoheinakajima·
@Orwelian84 yeah, pre-IPO clean up of cap table isn't particulary new, but the high profile nature of the layered SPVs make this a bit more complex and notable
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Yohei
Yohei@yoheinakajima·
not sure what happens here, if you bought anthropic secondaries... openai has a similar announcement: openai.com/policies/unaut…
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TFTC@TFTC21

Anthropic just published a support page that should terrify anyone holding its shares on the secondary market. "Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, that has not been approved by our Board of Directors is void and will not be recognized on our books and records." Void. Not restricted. Not pending review. Void. That means if you bought Anthropic shares through Forge, Hiive, or any other secondary platform without board approval, you are not a stockholder. You have no stockholder rights. Your transaction is invalid. It gets worse. Anthropic says it does not permit SPVs to hold its stock. Any transfer to an SPV is void. Investment funds claiming to offer indirect exposure are "most likely relying on mechanisms that attempt to circumvent our transfer restrictions." Forward contracts, tokenized securities, synthetic exposure products, all of it potentially worthless. Their advice to investors: "Assume that it is invalid." There is a multi-billion dollar secondary market in Anthropic shares right now. Platforms are pricing the stock at $265-$1,400+ per share based on a $380 billion valuation. Real people have put real money into these positions. And Anthropic just told them none of it counts. This is the purest possible illustration of counterparty risk. You can buy a share of a company and have the company itself declare your ownership void because you bought it through the wrong channel.

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Deus Ex Spatula
Deus Ex Spatula@DeusExSpatula·
@yoheinakajima Not sure what happens here if you’re completely retarded and engaged in a purchase that literally every company blocks
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Deus Ex Spatula
Deus Ex Spatula@DeusExSpatula·
This is an almost universal restriction on privately held equity. Thank you for your attention to this matter.
_gabrielShapir0@lex_node

I am surprised more people are not paying attention to this update from Anthropic on its stock policy. This seems like a potential bombshell. There is an active secondary market purportedly in Anthropic stock or derivatives including on fairly reputable (or at least well-known) platforms like Forge. Anthropic is calling them out *specifically*, by name, and essentially *saying* 100% of these are illegal. Some may be frauds (people selling Anthropic stock or interests in Anthropic stock that they don't truly own), but more likely many are legit attempts at transferring Anthropic equity (directly, as SPV shares, or as some type of 'beneficial interest' or future, etc.) Anthropic appears to be saying it will treat all these transfers as void. I don't have access to their terms, but it's very interesting to think what this could mean. Do the 'first purported sellers' in the chain potentially have an opportunity to do a double-dip? Does the first seller and all downstream buyers get the entire entitlement nuked? Anthropic is threatening that--are they just bluffing? If they're not bluffing, what litigation is likely to ensue? This can get into really esoteric areas of corporate law that depend on exactly how the transfer restrictions are drafted as well as the language around how violations of transfer restrictions are treated--for example, if they are merely voidABLE then downstream buyers can assert various equitable claims/defenses, but if they are VOID ab initio then in some jurisdictions that forecloses equitable defenses.

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TFTC
TFTC@TFTC21·
Anthropic just published a support page that should terrify anyone holding its shares on the secondary market. "Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, that has not been approved by our Board of Directors is void and will not be recognized on our books and records." Void. Not restricted. Not pending review. Void. That means if you bought Anthropic shares through Forge, Hiive, or any other secondary platform without board approval, you are not a stockholder. You have no stockholder rights. Your transaction is invalid. It gets worse. Anthropic says it does not permit SPVs to hold its stock. Any transfer to an SPV is void. Investment funds claiming to offer indirect exposure are "most likely relying on mechanisms that attempt to circumvent our transfer restrictions." Forward contracts, tokenized securities, synthetic exposure products, all of it potentially worthless. Their advice to investors: "Assume that it is invalid." There is a multi-billion dollar secondary market in Anthropic shares right now. Platforms are pricing the stock at $265-$1,400+ per share based on a $380 billion valuation. Real people have put real money into these positions. And Anthropic just told them none of it counts. This is the purest possible illustration of counterparty risk. You can buy a share of a company and have the company itself declare your ownership void because you bought it through the wrong channel.
TFTC tweet mediaTFTC tweet media
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Bull Theory
Bull Theory@BullTheoryio·
Someone bought Jack Dorsey’s first ever tweet NFT for $2.9 million in 2021. Today, it is worth less than $5.
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Chris Bakke
Chris Bakke@ChrisJBakke·
It’s Mother’s Day and we have 3 kids under 4. Decided to go big. Booked a night at the nicest hotel in Napa so I can get out of her hair and do some golf and a spa day and she can spend the weekend alone at home relaxing with our kids who she loves so much. 🥰😊🥰
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