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Anthropic just pulled the accounting trick used by companies during 2000 bubble by hiding $108 billion worth of expenses via convertible notes redeemable at IPO. (lemmy.ml)
submitted 2 weeks ago by to c/usa@lemmy.ml
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Dotcom firms often paid suppliers, ad agencies, lawyers and even landlords with stock or equity to save cash. AOL swapped shares for services and ads (e.g., Homestore, DrKoop). Telecom suppliers like Lucent, Cisco and Nortel used vendor financing, sometimes with equity or warrants, to drive equipment sales.

https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm

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[–] 16 points 2 weeks ago

OK so the accounting tricks are nothing new but... maybe this is the first S-1 filing which repeatedly touts "catastrophic or existential risks to humanity" in its "Risk factors" section?

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