In the discussion, participants say Anthropic is a public benefit corporation that needs approval from current investors to move 5% of its shares into a fund for public benefit. They question who will oversee the fund and where the money will go, comparing it to Facebook's oversight board. They say the stake is worth $100 billion, and that taking those shares out of the float could let the IPO be priced as desired if the float stays low enough. They also point to a possible role for Morgan Stanley and Goldman Sachs, the lockup terms, and index funds' buying rules. Finally, they argue that companies are trying to control their public narrative before it controls them.
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