Investors have spent the last two years trying to buy any piece of Anthropic they could find. Now some are discovering that exposure to one of Silicon Valley’s hottest private companies may come with far less control, transparency, or enforceable ownership than they assumed.
Anthropic’s decision Monday to crack down on secondary-market transactions rattled private investors, hit publicly-traded funds tied to the company, and raised an uncomfortable question: do some investors actually own what they thought they owned?
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