Just two weeks til’ Halloween now.

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 soo 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.)

  • ArchiteuthisEnglish
    9·
    6 hours ago

    The WSJ apparently fucked up describing how Anthropic is losing money and now the discourse is very messed up with a lot of people claiming they are breaking even or even actually making money, basically the AI booster ecosystem is having a huge HA HA GOT EM! The fiinancials were always better than the lying press made it seem! moment.

    In a new draft prospectus viewed by the Journal, the AI giant disclosed an $80.7 billion net loss for the first half of 2026 and a long list of risk factors

    According to my degree in finance from Very Online University the 80 bil net loss of the article’s summary ends up consisting of 72B of convertible notes, which I guess is a type of debt that goes away if the IPO goes well because it converts to equity. Also because it is predicated on equity its nominal value goes up as the projected valuation of the company goes up, so the 72B figure doesn’t even mean that much. Supposedly for Anthro to be on the hook for even a portion of that they would have to IPO at a lower price than expected when this type of debt was originally issued, which probably isn’t happening.

    • SoyweiserEnglish
      4·
      2 hours ago

      Excellent usage of the chart comic

      (Edited in a link to Haus of Declines ‘Bloodless Quant’ comic (not sure if that is the real title, I couldn’t find the comic on her bsky, small warning she is not a safe for work creator (if your workplace is very squeamish)).

    • lurkerEnglish
      5·
      4 hours ago

      r/BetterOffline post about the article

      Brief comment snippet:

      A convertible note is a loan from an investor, but instead of paying them back with cash you give them stock options. It’s still a loss, you’re taking cash from an investor because you can’t break even with revenue.

      • SoyweiserEnglish
        4·
        2 hours ago

        Imagine if you do that as a baker. ‘Hey flour/sugar/yeast supplier, I can’t pay your for your products, but I will pay you in stocks to our bakery, I’m planning to sell our bakery soon, and as we don’t have to pay you for the supplies, we can sell our product at below the going rate making sure we look good for the sale of the company’.