Mastodawn

Benjamin P. Taylor 4d ago

Ok, y’all…some good news! The S&P index told #SpaceX Karen and the #AI bros to suck socks until they show a profit. There will be no rules relaxed, no guardrails bent. They can meet the standards of the rest of the index, or they can fuck off back to their lairs.

Why does this matter? Everybody’s #retirement plan is tied to the S&P. Swift entry into the #SP500 would have triggered $14 billion of passive fund buying for SpaceX. #OpenAI could have gained more than $8 billion, and #Anthropic could have netted $4.6 billion from similar passive buying sprees triggered by their S&P 500 entries.

This is because $7.5 trillion in passively managed funds follow the S&P 500 by purchasing shares of companies according to their proportional representation in the S&P 500 index.

This is under the radar, but very good news. Now if we can get the other indices to do the same…
https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/

#investment #money #stocks #indices #index

S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

SpaceX won’t get easy access to billions of dollars from passive investors.

Ars Technica

MissConstrue 2d ago

I wanted to do a follow up on this, because it’s important to remember that #nasdaq is still allowing rapid entry to stocks who have never made a profit and have really terrible capex.

Right now the only stock exchanges without heavy Nasdaq weights are international indices such as the #FTSE 100, #DAX, #Nikkei 225, and #HangSeng, which exclude Nasdaq components entirely as they track markets in the UK, Germany, Japan, and Hong Kong, respectively.

Approximately 60% to 65% of the companies in the S&P 500 are Nasdaq,. The market capitalization weight of Nasdaq components is even higher (frequently exceeding 70%). Consequently, movements in Nasdaq-listed stocks have a disproportionate impact on the overall performance of the S&P 500.

The billionaires are trying to siphon money from the bottom to the top, and this is still an existential threat.

#SpaceX #AI #retirement #SP500 #OpenAI #Anthropic #investment #money #stocks #indices #index

Jonathan Schofield 4d ago

@MissConstrue also good news: I have found you to follow via this joyous post :)

MissConstrue 4d ago

@urlyman Yay! It’s weird here. 🥳🤣

John Maxwell 4d ago

@MissConstrue I got $5 that says Trump tries to override it somehow within, say, a month (really, I think about a week, but let's be generous with the terms of the bet).

Any takers?

Led By Gilded Fools 4d ago

@jmax @MissConstrue Have you checked the online betting platforms?

Also, about those betting platforms: Prediction Markets (where most are losers) by John Oliver https://www.youtube.com/watch?v=ZN4njIQcSR4

Prediction Markets: Last Week Tonight with John Oliver (HBO)

YouTube

MissConstrue 4d ago

Yeah, I’m no constitutional expert, but I don’t see any way the executive branch can override the trustees. That said, I am not an abandoned Victorian doll haunted by unrepentant nazis, like Stephen Miller, our shadow president, so maybe he has a weasel plan.

John Maxwell 4d ago

@MissConstrue @MHowell I don't think there's any constitutional way, agreed. But that won't stop him from trying if it lands in his tiny attention span.

@MHowell
Wow! That was a wild ride. John Oliver on everything you never wanted to know about on-line gambling, sorry!, “prediction markets” in the US…

#predictionMarkets #gambling #USPol

@jmax @MissConstrue

MissConstrue 4d ago

@Su_G @MHowell @jmax

John Oliver is a national treasure who must be protected at all cost.

Pete's Mom 🍉 🇺🇦 ☮️4d ago

@MissConstrue
The NASDAQ is still a huge problem and if it impacts you - and it likely does if you have a 401k - contact your institution whether its personal savings or your employers retirement fund institution.
@ [email protected]
is also posting some excellent info on this. This is a HUGE scam/shakedown of USian retirement accounts on the level of the 2008-2012 "housing/mortgage" crisis. It is a shakedown to drain every last penny from not just USians but from the non-billlionaire class globally.
And I do not believe I am being hyperbolic about this.

MissConstrue 4d ago

@Petesmom Yeah, the nasdaq impact cannot be overstated.

This is, no holds barred, the biggest theft of capital from the bottom to the top that has ever happened, and if it doesnt end with bloody revolution, i will be astonished.

Mark Koek 3d ago

@Petesmom @MissConstrue US pensions are tied to the stock market…? That’s… not a great system.

MissConstrue 3d ago

@mkoek @Petesmom Up until about the 1980s, pensions were either provided by companies, unions, or self funded. Plus there was a government pension called social security, that started to pay out at around 60. At the time SS was enough to live on, frugally.

The GOP, the conservative party, via Reagan, created a program called 401k. Anyone can pay into their 401k, some jobs have employers that contribute, but here’s the important bit, the employer controls the fund. Pensions as Europeans understand it, do not really exist in the US anymore.

401ks are almost universally invested in the stock market, often in broad indices.

Mark Koek 3d ago

@MissConstrue @Petesmom Our system here in the Netherlands sort of looks like that in fact: there’s a very basic pension for everybody, plus the option to pay for an extra pension where the money you put in is tax free until it pays out. Important difference is that the fund is not controlled by your employer, you can decide for yourself how the money in your fund is invested. Tying it 100% to the stock market is possible I guess but nobody does that. Maybe 30% when you’re still young, decreasing to 5-10% when you’re over 55. The rest goes in much more secure investments.

MissConstrue 3d ago

@mkoek @Petesmom Most Usians have never had any financial education at all. At. All. Zero. If you suggest "conservative investment" to most people, they will assume stocks which are considered "safe". Example; Dividend Aristocrats are considered a safe/conservative investment. And as stocks go, that's true. But it's still the stock market with all of the inherent instability built in by the last 50 years of rule changing.

And even things like bonds and tbills aren't a safe bet in this current political chaos. Which is why we see some countries starting to divest.

Frankly, the entire US economy is propped up on three wobbly sticks, and the billionaires are chopping away at the sticks, rather than reinforcing the base.

History suggests this will not end well.

Richard Penner 3d ago

@MissConstrue @mkoek @Petesmom

History:These tulips are beautiful so the price of bulbs can only go up!

MissConstrue 3d ago

@Arpie4Math @mkoek @Petesmom

Precisely so.

@MissConstrue The other index providers are being grossly irresponsible. Frankly, I’m inches away from telling anybody who owns funds tracking those indices to sell asap and move their money into other products like the SPX.

I never was an index investor and I do not hew to any benchmark to measure my ‘performance’ in the markets.

Richard Penner 3d ago

@rickf @MissConstrue Inflammable and flammable are not antonyms, but responsible and irresponsible are.

@Arpie4Math @MissConstrue

Thanks - and corrected.

That said, excuse me for making a fucking typo. I guess I'm not as perfect as other people.

Richard Penner 3d ago

@rickf @MissConstrue I *can* imagine someone being grossly responsible at their job. That's how you catch people dumping things illegally in the sewage.

Also, "grossly responsible" sounds like you might mean "generally acting responsible at top-level oversight but not micromanaging." Like a hospital admin making sure the expensive machines are getting maintained and good use but not noticing the black market in lollipops which were intended for pediatric patients.

Sascha Wycisk 4d ago

The whole story that should have been played there is just to shift exorbitant high private equity risk from rich to pension plans of workers.
As far as i read NASDAQ is willing to commit to this game. Every with fonds and etf in NASDAQ should have an eye on this.

@MissConstrue I’ve contacted Vanguard about several of the funds I’m invested in to make sure they’re not in on this scam

@MissConstrue No response yet, tho

@MissConstrue They said that the fund tracks the FTSE US All Cap Choice Index, so I’ve reached out to FTSE Russell.

@MissConstrue Not encouraging, though https://www.lseg.com/en/insights/ftse-russell/faster-large-cap-entry-to-the-russell

Faster large-cap entry to the Russell

Large IPOs can enter the Russell US Indexes after five trading days, improving market representation while limiting turnover and tracking error.

MissConstrue 2d ago

@aneel holy sheets, 5 days?

@MissConstrue IKR? On the plus side they answered my email within hours, on the minus side that was to ask me to email from my organisation’s [sic] domain. But it was from loath.ORG. The org is right there!

@MissConstrue Damn. They'll include it on the following Monday.

https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2620893

@MissConstrue Scheduled a call with an advisor at vanguard

@MissConstrue well, that was disappointing. The advisor characterized my desire to not participate in those IPOs as 'trepidation', rather than 'being able to see the scam'. He also tried to suggest that Vanguard doesn't get involved in IPOs, but I told him about that doc from FTSE Russell upthread. He didn't have anything to offer beyond "well, you could try international" (I moved about half of my Vanguard balance out of my advised account to invest it exclusively outside of the US more than a year ago. It's performed about twice as well as the advised portion since), and suggesting I could move to a broader index fund to limit tech exposure, or maybe try bonds.

I canceled my "Personal Advisor" subscription.

Was SO happy when I heard this news. So worried my 401k would be tanked by tech bros' Ponzi scheme, looking for an off ramp for their overpriced investments.

Fire Horse 2026 4d ago

@MissConstrue too soon! Google is overriding your celebration. Retirements being lost in billionaire grifters back in play due to Google. I am already at work planning my full deletion of all my Google services. The deal will make them eligible for S&P.

MissConstrue 4d ago

@blakefox I'm not seeing anything about google tanking this requirement, can you share a cite?