BlueMonday1984May 17

Stubsack: weekly thread for sneers not worth an entire post, week ending 24th May 2026

https://awful.systems/post/8347316

Stubsack: weekly thread for sneers not worth an entire post, week ending 24th May 2026 - awful.systems

Want to wade into the sandy surf of the abyss? Have a sneer percolating in your system but not enough time/energy to make a whole post about it? Go forth and be mid. Welcome to the Stubsack, your first port of call for learning fresh Awful you’ll near-instantly regret. Any awful.systems sub may be subsneered in this subthread, techtakes or no. If your sneer seems higher quality than you thought, feel free to cut’n’paste it into its own post — there’s no quota for posting and the bar really isn’t that high. > The post Xitter web has spawned so many “esoteric” right wing freaks, but there’s no appropriate sneer-space for them. I’m talking redscare-ish, reality challenged “culture critics” who write about everything but understand nothing. I’m talking about reply-guys who make the same 6 tweets about the same 3 subjects. They’re inescapable at this point, yet I don’t see them mocked (as much as they should be) > > Like, there was one dude a while back who insisted that women couldn’t be surgeons because they didn’t believe in the moon or in stars? I think each and every one of these guys is uniquely fucked up and if I can’t escape them, I would love to sneer at them. (Credit and/or blame to David Gerard for starting this.)

Show threadCinnasVerses

Edward W. Niedermeyer calls the plans to put SpaceX and OpenAI public at ludicrously inflated valuations and dump shares on index funds for real money BAGNAROK. American pension funds are starting to say out loud that this is a bad deal.

The officials - representing three of the top four largest public pension plans in the U.S. - objected to the amount of power the board has given Musk over the company, including voting control over the stock, veto power over his ​own removal as CEO, and protections from litigation, including mandatory arbitration for SpaceX shareholder claims.

…

In their letter, the pension leaders urged SpaceX to adopt one-share, one-vote or sunset super-voting shares within seven years; install a majority-independent board and separate ⁠the CEO and ​chair roles; eliminate provisions protecting Musk from termination without his approval; scrap mandatory arbitration; and require independent approval of related-party ​transactions with Musk’s other companies.

“Precisely because SpaceX is poised to occupy a position of systemic importance in the public markets, and to become, through index inclusion, an unavoidable holding in our portfolios, its governance must at least adhere to the baseline protections upon ​which long-term institutional capital depends, rather than seeking to diminish them,” they wrote.

May 20 at 4:32pmWeb
Show threadfroztbyte4d ago

or sunset super-voting shares within seven years

weird number to pick given they might not last that long if felon and friends aren’t removed earlier on…

Show threadistewart4d ago

sunset super-voting shares within seven years

It’s taken 20 years to get this level of pushback on super-voting shares, and even then, the scam is still likely to go through. All of these people are whistling past the graveyard of eroding systemic legitimacy.

Show threadCinnasVerses10h ago
And the people making these decisions know that they don’t invest much in China because they don’t trust Chinese government statistics and the Chinese stock market is rigged. They know that it is hard to get middle-aged schoolteachers and plumbers to put their savings on the stock market even if that market is scrupulously honest. But the USA has been the center of global capitalism since about 1917 and it is hard for them to imagine that changing.
Show threadSoyweiser22h ago
That is a bad sign, negotiating means they are considering buying.