| ▲ | thibsrn 4 hours ago | |
There is a heavy amount of circular investments in the industry, among competitors. There is a private placement that is made in parallel with the public offering, through $26B of a special stock, according to the S1. They all have a lot to gain from a successful Anthropic public issue. The problem is it blurs the signal, we don't how much is overvaluation that contributes to a bubble. I don't think there has often been such an intertwined industry before. Usually cartels are made through discreet partnerships at the operational level, this is an interconnection in the background at the financial one. | ||
| ▲ | pigpop 16 minutes ago | parent | next [-] | |
> I don't think there has often been such an intertwined industry before. General Electric comes to mind, they allowed new utility companies to pay for the generators and electrical equipment they needed using stock and bonds. The holding company established for those, EBASCO, was eventually broken up[0] [0] https://en.wikipedia.org/wiki/Electric_Bond_and_Share_Compan... | ||
| ▲ | mxschumacher 3 hours ago | parent | prev [-] | |
yep, for a comprehensive writeup and analysis of the circular finance topic, have a look at https://hntrbrk.com/investigations/nvidia | ||