Billionaire Philanthropy or PR? Anthropic & Musk's Bold Promises

Anthropic said on Sunday it will commit 5% of its shares to a new public benefit fund, subject to stockholder approval, with another 2% at the board's discretion for every 50% rise in the company's value. A day later Elon Musk said he will give one SpaceX share to every child in America next year, worth roughly $10.5 billion, and said he was answering Anthropic: "I recommend giving the shares directly to the public." Julie Hyman, Jake Conley and Pras Subramanian work through what each pledge actually buys, and land on the question neither has answered. What happens when Washington wants to cancel a contract and the company can say that millions of children own the stock? Featuring Julie Hyman, Host, Yahoo Finance Jake Conley, Breaking Business News Reporter, Yahoo Finance Pras Subramanian, Senior Autos Reporter, Yahoo Finance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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