OpenAI Boosts Secondary Share Sale to $10.3B, Presents Offer to Employees on Wednesday 9/3
https://www.cnbc.com/2025/09/03/openai-boosts-size-of-secondary-share-sale-to-10point3-billion.html
https://www.cnbc.com/2025/09/03/openai-boosts-size-of-secondary-share-sale-to-10point3-billion.html
11 Comments
resipsaloquitur@lemmy.world · 56 pts · 364d
Look at this lovely bag. Would you like to hold it?
lemmeBe@sh.itjust.works · 4 pts · 363d
Would you mind watching my bag?
boatswain@infosec.pub · 1 pts · 363d
This is the opposite of bag holding though, isn't it? Since it's an expanded offering to sell?
resipsaloquitur@lemmy.world · 1 pts · 363d
You understand that for someone to sell something, someone else would have to buy it, right?
just_another_person@lemmy.world · 32 pts · 364d
Anyone who buys is a fucking sucker. It's horrible what these assholes are about to do to their own employees.
PattyMcB@lemmy.world · 17 pts · 364d
Does that mean they're pulling the emergency rip cord?
roofuskit@lemmy.world · 10 pts · 363d
It's a trap!
MCasq_qsaCJ_234@lemmy.zip · 4 pts · 364d
I don't understand why Ed Zitron considers this a sign of the end of OpenAI.
Although I only see OpenAI, it seems confident that its IPO can break records.
rainwall@piefed.social · 43 pts · 364d
If you're sure you're going to make $1,000,000,000,000,000 as long as you hold onto 10000 pieces of paper, selling them for way, way less than that is very stupid. Even if it's generational wealth, it's still very stupid.
Most of the openai share owners are already millionares, either via the high salaries or whatever. To have people like altman, a billionaire, sell "trillionare" shares for mere millions of even hundreds of millions strongly implies a need to cash put at the top of the bubble, put those hundreds of millions in your hyped up pocket, and let the rubes hold the bag.
The other part of this is the marketing. It may very well be the biggest IPO ever, which will be splashy and loud and keep the bubble going longer, which is exactly something you want if you have no substance to show instead.
cubism_pitta@lemmy.world · 12 pts · 364d
All I hear is NFTs
MCasq_qsaCJ_234@lemmy.zip · 3 pts · 364d
As far as I know, Altman does not own any shares in OpenAI.
And what a good explanation you gave, although that is what happens in game theory, right? That normally the human being wants more despite the risk.