Gary Marcus: ‘Just Say No to Anthropic’s IPO’
https://daringfireball.net/linked/2026/11/10/marcus-anthropic-ipo
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@2happy1sad (a) I don’t think Spotify is a good business. (b) I’m not arguing that it’s never a good idea to run in the red for a while building/scaling. It’s not that Anthropic is in the red, it’s how deep in the red.
@daringfireball Anthropic is stupid but Gary Marcus saying this makes me think the IPO is worth investigating
@daringfireball so here’s my question @gruber I agree that the math makes 0 sense but do you think the same thing of OpenAI? They’re in the same if not worse position.
It’s hard to bet against a good product. It’s obvious that Claude/ChatGPT are good products so if what we both believe is true happens, what happens to these companies and their tech?
@CleatusFetus I don’t think either of them justify the valuations they’re claiming.
@daringfireball One reflection: Not saying that i don’t agree in general - but Spotify IPO:ed in 2018 having their first profitable year in 2024.