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If not now for the IPO, why would they be compelled by investors to do it later as you imply?

Trusts are not a new mechanism.

Oh, no i'm just saying that's the trigger when you get sued

Well let’s see if that happens before IPO. I don’t think it will.

What? No. i'm saying if they IPO without disclosing this, they are going to be sued when/if that authority is invoked by people who bought it at the IPO without know about this.

The governing trust is already public, how else would the journalists know about it? It is disclosed in their IPO docs for investors:

https://247wallst.com/investing/2026/10/19/can-anthropics-sh...

So no, investors cannot sue after the IPO claiming they didn't know about it.

The thing that isn't disclosed is the exact rules of the trust etc, but why are they obliged to disclose that?

Personally I think this is a big distraction from the actual risks they face - their models will soon be commoditised by other big players who are not selling a model and their scaffold around that is vibe-code crap with a leaked codebase that changes 30k times a day because they have no idea what they're doing.

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