A tech company whose boss was filmed hugging a colleague at a Coldplay concert has said a purported statement from him expressing remorse is fake.

Internet sleuths immediately seized upon the moment and the pair was identified as Andy Byron, CEO of tech company Astronomer, and Kristin Cabot, the company's Chief People Officer. More: Fake statement from Astronomer CEO Andy Byron circulates after Boston Coldplay concert

Polymarket traders have bet more than $200,000 on Andy Byron being out as Astronomer CEO by next Friday. 44% of the traders think he won't survive the episode.