Care to explain how this relates to Leopold? I know they hold some stake in Anthropic, but I’m not proficient enough in the topic to jump to the conclusion you’re alluding to.
Turns out it was mainly just caused by one hedge fund (Citadel) targeting another hedge fund (Leopold). He got liquidated and Citadel picked up his portfolio for pennies. Market subsequently soared to even higher highs in the last few weeks and, poof, Anthropic is going public again.
That’s the narrative anyways - the big drop was just Leopold getting liquidated and not a larger market downturn.