They literally went bankrupt and wiped out the original shareholders. | Hacker News

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		khuey 2 days ago \| parent \| context \| favorite \| on: I think Anthropic and OpenAI have found product-ma... They literally went bankrupt and wiped out the original shareholders.

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hamdingers 2 days ago [–]

I guess I'm just not clued into your exotic definition of "survived" if continuing to function doesn't qualify. I tend to go by the dictionary definition.

Chapter 11 is not Chapter 7. Businesses survive chapter 11 bankruptcies all the time. For example, WeWork.

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