they were not forced but they were forced to report like a public company even if they didn't IPO. all the cost with none of the benefit was an incentive to IPO earlier.
yes tho. once you hit a certain number of shareholders (which anthropic clearly is past), you used to have to report with the regularity and rigor of a public company. so if you do, why not IPO and get some cash?
that and other changes that enabled private investment at this scale. it's all about privatize the pump socialize the dump via IPO
The rule is still in place, if a company has more than 2000 shareholders, of which minimum 500 are non-accredited (employee stock based compensation does NOT count), the company has to do ongoing financial reporting
[–] extraextra 3 days ago
[–] whateveracct 2 days ago
that and other changes that enabled private investment at this scale. it's all about privatize the pump socialize the dump via IPO
[–] extraextra 1 day ago
The rule is still in place, if a company has more than 2000 shareholders, of which minimum 500 are non-accredited (employee stock based compensation does NOT count), the company has to do ongoing financial reporting
You're misinformed
[–] whateveracct 1 day ago