Am I wrong in thinking this a bad sign for their business?

by Jeff (BGS) , A starter home in suburban Tempe, Monday, June 01, 2026, 15:04 (7 days ago) @ HumanRobot

On one hand, if they were was making money hand over fist, they would have no problem accessing all of the capital they need. So, what's the point of going public when you can keep all of those tasty profits for yourself?

On the other hand, it is quite possible that the AI frenzy means that demand for the stock will send valuations through the roof. So, even if they have a good business, it is likely worth more to the current investors to sell to the next greater fool, whether they are actually a fool or not.

It vaguely reminds me of a quote from our CEO during the dot com heyday: "Going public is not a business plan."

--
At night, the ice weasels come.

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Complete thread:

so it begins -- Antrhopic files for its IPO - HumanRobot, 2026-06-01, 11:30
- Today's single AI data point. - nedhead, 2026-06-04, 05:38
- I think anthropic is the clear leader - Mark, 2026-06-01, 18:47
  - They may very well be the leader - HumanRobot, 2026-06-02, 06:37
    - "sustainably profitable businesses" - beattherush, 2026-06-02, 13:26
      - I'm convinced this is going to take down Oracle - HumanRobot, 2026-06-02, 13:31
        
        OpenAI going under may well drag many down with them - beattherush, 2026-06-02, 13:41
        
        I’m convinced Nvidia is in doo doo too - HumanRobot, 2026-06-02, 14:19
  - I think they have the best product right now - Charles, 2026-06-01, 22:10
    - No way. Avoid copilot at all costs - Mark, 2026-06-03, 09:47
    - Agree with a lot of this. - beattherush, 2026-06-02, 13:28
    - I believe Copilot is just the connector - Jay, 2026-06-02, 08:37
      - Interesting. I hadn't played around with it in a while - Charles, 2026-06-05, 14:03
    - It feels like a solution in search of a problem right now - Jeff (BGS), 2026-06-02, 08:31
      - My experience hass been that - ReginaldVelJohnson, 2026-06-02, 09:14
        
        it's a magnifying glass - Pat, 2026-06-02, 10:13
        
        Completely agree - Charles, 2026-06-05, 13:59
- They make a commodity. - domer.mq, 2026-06-01, 17:42
- Am I wrong in thinking this a bad sign for their business? - Jeff (BGS), 2026-06-01, 15:04
- it will also be interesting - Pat, 2026-06-01, 14:05
  - Semi AI related - Has anyone seen RAM prices lately? - hobbs, 2026-06-01, 18:10
  - what happens with NVidia? - HumanRobot, 2026-06-01, 14:39
    - if I could predict that - Pat, 2026-06-01, 15:00
      - I don't think it's NIMBYism if - Regular Joseph, 2026-06-01, 18:40
        
        perhaps a new term is warrented - Pat, 2026-06-02, 10:20
        
        Also, DCs are just another way that the ultrawealthy are - BillyGoat, 2026-06-02, 11:40
        
        Exactly. My daughter is going on a summer service trip - BillyGoat, 2026-06-02, 07:39
        
        another way to look at it - HumanRobot, 2026-06-02, 08:00
        
        I certainly don't want it in my backyard - HCE, 2026-06-02, 07:04
        
        I would also challenge the idea that people have a choice - Regular Joseph, 2026-06-02, 15:00
        
        JP2 did something about the internet & media back in 2005 - Jay, 2026-06-02, 15:05
        
        "Guzzling water" is overstated - beattherush, 2026-06-02, 13:34
        
        2 to 8 million gallons per day, according to the agreement - HCE, 2026-06-02, 13:58
        
        That's a big center then - beattherush, 2026-06-03, 08:04
        
        You make an excellent point about golf courses... - Regular Joseph, 2026-06-03, 18:20

the Polo Grounds

Am I wrong in thinking this a bad sign for their business?