4 ms·
Notably a steep discount from their recent raise at a 157B. The board would never approve.
by typs 2y ago
Notably a steep discount from their recent raise at a 157B. The board would never approve.
- ipnon 2y agoYes, seems like a PR stunt to discount OpenAI.
- ummonk 2y agoIt's the opposite - it's a PR stunt to try to keep Sam Altman from discounting OpenAI even further and selling it to himself at a laughably low price.
- entropicdrifter 2y agoHardly Musk's first attempt at blatant market manipulation. Hell, that was how he got stuck holding the bag with Twitter
- tombert 2y agoAnd in trouble with the SEC by claiming someone he was going to take Tesla private.
- bpye 2y agoIt seems unlikely that he'll get in any trouble with the SEC this time around.
- whamlastxmas 2y agoWhat market is openai trading on?
- entropicdrifter 2y agoJust because a company is not being traded on the open market doesn't mean it doesn't exist within the context of a market economy
- tmnvdb 2y agoIsn't this Musk offer just for the nonprofit part, i.e. not a comparable number?
- typs 2y agoWell the nonprofit theoretically controls the for-profit, so the argument would be that the subsidiary for profit is somehow worth more than its parent? It’s a complicated legal structure but I don’t think that could be true.
- aeternum 2y agoIMO this offer is exactly to prove that point. Sam, if the non-profit is worth $40B then clearly you would be willing to sell it for $80B. That's pretty strong evidence that the non-profit isn't worth just 40B and thus the basis of the go-private is invalid.