New Constructs
ON THE RECORD · 7 verbatim quotes · every quote source-verified
“While Anthropic offers more to society than WeWork ever did, at a $2 trillion valuation, its IPO presents far bigger risks and is positioned to be a far bigger rip off of U.S. capital markets,”
New Constructs · said 2026-10-06 · reported 2026-10-07
New Constructs wrote that Anthropic's IPO at a $2 trillion valuation presents far bigger risks than WeWork's and is positioned to be a far bigger rip off of U.S. capital markets.
“the most ridiculous IPO of 2019,”
New Constructs · said date not stated · reported 2026-10-07
New Constructs previously called WeWork the most ridiculous IPO of 2019, ahead of the office-sharing company's planned offering.
“We don't think Anthropic has a viable business.”
New Constructs · said 2026-10-06 · reported 2026-10-07
New Constructs concluded that Anthropic does not have a viable business due to mounting operating losses and competition from open-source models.
“unprecedented test of investor gullibility.”
New Constructs · said 2026-10-06 · reported 2026-10-07
New Constructs said Wall Street is about to face an unprecedented test of investor gullibility as Anthropic barrels toward a potential $2 trillion market cap.
“While we were not fortunate enough to be one of the few to whom Anthropic's S-1 was selectively disclosed, the reports of the leaked financials reveal more than enough to assess the gargantuan risks of investing in this IPO,”
New Constructs · said 2026-10-06 · reported 2026-10-07
New Constructs wrote that reports of Anthropic's leaked financials reveal more than enough to assess the gargantuan risks of investing in the IPO despite not having seen the actual S-1 filing.
“most ridiculous IPO of 2026.”
New Constructs · said 2026-10-06 · reported 2026-10-07
In a report on Tuesday, New Constructs called Anthropic's upcoming offering the most ridiculous IPO of 2026.
“Since the arrival of open-source models, it's been clear that the closed models would struggle to generate profits,”
New Constructs · said 2026-10-06 · reported 2026-10-07
New Constructs wrote that closed AI models would struggle to generate profits following the arrival of open-source models.