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tl;dr nobody wants OpenAI shares and the secondary market has completely dried up. “We literally couldn’t find anyone in our pool of hundreds of institutional
by cmiles8 7mo ago
tl;dr nobody wants OpenAI shares and the secondary market has completely dried up.
“We literally couldn’t find anyone in our pool of hundreds of institutional investors to take these shares“
This doesn’t bode well for an IPO. The market is smelling a stinker.
Get your popcorn ready for a mad scramble to salvage investments if indeed the shark has been jumped.
- aniekann 7mo agonot to mention the drama that's followed the company from the very beginning. It think its getting to a point where the character issues can no longer be ignored bc it's directly affecting business
- igtt 7mo agoI think the IPO and subsequent quarterly earnings where they will be pressured by analysts will pop it all. I was watching a recent Jensen Huang Q&A with analysts and it was essentially “just trust me bro”. They’re all interconnected - once there’s a correction for one player, all get affected. Can’t wait to finally get this over with so we can finally move on. The gap between hype and reality needs to be corrected.
- delfinom 7mo agoNah you see, the NASDAQ is giving them a out just like SpaceX. Short-circuit the index joining time and allow them to get into index funds within days. After that you shift all the losses onto 401ks as the original investors cash out and the 401ks blindly buy the shares as part of the index.