Comments

• randompasta@lemmy.today ⁨12⁩ ⁨hours⁩ ago

  He just nationalized Intel. That’s what conservatives are afraid of far left governments doing.

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  • Xaphanos@lemmy.world ⁨11⁩ ⁨hours⁩ ago

    Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

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    • zod000@lemmy.dbzer0.com ⁨11⁩ ⁨hours⁩ ago

      For real, this just further cemented me not wanting to buy any new Intel devices.

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    • UnfortunateShort@lemmy.world ⁨11⁩ ⁨hours⁩ ago

      Their biggest problem is that people don’t want to buy their stuff because it’s bad, they can worry about their backdoory image later

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    • frazw@lemmy.world ⁨8⁩ ⁨hours⁩ ago

      Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.

      I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.

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  • moody@lemmings.world ⁨7⁩ ⁨hours⁩ ago

    “Nationalized” with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It’s basically meaningless.

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  • pdxfed@lemmy.world ⁨11⁩ ⁨hours⁩ ago

    Yup. They also rewrote national broadband funding criteria so starlink would win most of the state contracts for funding. If the states are stupid enough to take it, the Elon Musk will own their citizens internet. Colorado just announced Starlink won half of all the contracts and Amazon the other half(I didn’t even know Amazon provided Internet holy terrifying):

    You may experience difficulty connecting to some web domains and your homepage has been preselected for you. Your monthly history will be reviewed and unpatriotic web usage will result in detainment or deportation.

    Congratulations on your Freedom!

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  • cabron_offsets@lemmy.world ⁨12⁩ ⁨hours⁩ ago

    Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.

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  • iAmTheTot@sh.itjust.works ⁨11⁩ ⁨hours⁩ ago

    I mean, no. Owning a 10% stake is not nationalisation.

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    • themurphy@lemmy.ml ⁨11⁩ ⁨hours⁩ ago

      Yes. It is.

      Excalty like China.

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• 4grams@awful.systems ⁨3⁩ ⁨hours⁩ ago

  Fucking hilarious that this is party that starts seizing the means of production.

  It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.

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• muusemuuse@sh.itjust.works ⁨2⁩ ⁨hours⁩ ago

  Somehow this is okay but bailing out GM was a problem.

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• thejml@sh.itjust.works ⁨12⁩ ⁨hours⁩ ago

  I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.

  That i tried to get fired less than two weeks ago.

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  • ryper@lemmy.ca ⁨11⁩ ⁨hours⁩ ago

    Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

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    • Teal@piefed.zip ⁨6⁩ ⁨hours⁩ ago

      A ten percent stake in the company and suddenly those concerning Chinese ties Trump mentioned aren’t a thing.

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  • themurphy@lemmy.ml ⁨11⁩ ⁨hours⁩ ago

    Literallt extortion.

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• jballs@sh.itjust.works ⁨11⁩ ⁨hours⁩ ago

  Could you imagine how many times the word “socialism” would be blasted on Fox News if Biden did this?

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• Lettuceeatlettuce@lemmy.ml ⁨8⁩ ⁨hours⁩ ago

  Lol at all the conservatives screeching about “socialism” and “communism” and how they will be the downfall of our country, then slurping up Trump nationalizing part of Intel 🤣

  They don’t believe in anything, just brain dead simpleton cultists who would happily stick their tongue into a rat trap if Trump told them to do it.

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• MrSmith@lemmy.world ⁨11⁩ ⁨hours⁩ ago

  “Free” market.

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  • themurphy@lemmy.ml ⁨11⁩ ⁨hours⁩ ago

    Since Wall Street, never really was.

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    • Hylactor@sopuli.xyz ⁨11⁩ ⁨hours⁩ ago

      You’re more right than you may know.

      An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and securities trading site, and from 1703 onward

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    • Zorque@lemmy.world ⁨8⁩ ⁨hours⁩ ago

      Functionally, there’s no such thing. In a system that gives the most power to the company that makes the most money, that company will seek to maximize its profits. Part of maximizing profits is eliminating competition. So in a “free” market, the most successful will subvert the freedom of their competition thus eliminating the freedom in the market.

      Self-correction in a market is an illusion crafted people either desperate to salvage a broken system, or those who seek to exploit them.

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• MedicPigBabySaver@lemmy.world ⁨9⁩ ⁨hours⁩ ago

  Release the Trump/Epstein files

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• kibiz0r@midwest.social ⁨7⁩ ⁨hours⁩ ago

  The way This Guy capitalizes Random Words drives me INSANE.

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• byte_0verflow@lemmy.ml ⁨7⁩ ⁨hours⁩ ago

  Right when I was thinking of buying an intel cpu and gpu to support the company and do my little part in helping increase competition in the cpu and gpu sector. Guess I will stick with amd this time around.

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• ReverendIrreverence@lemmy.world ⁨6⁩ ⁨hours⁩ ago

  Now do that with Exxon Mobil, Chevron and ConocoPhillips

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• NABDad@lemmy.world ⁨8⁩ ⁨hours⁩ ago

  Image

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• pHr34kY@lemmy.world ⁨4⁩ ⁨hours⁩ ago

  The United States will not seek direct representation on Intel’s board

  If they want change, they don’t to vote on the board. They can just pass laws in Intel’s favour.

  Taxpayers are now all Intel shareholders. I can’t understand what benefit this provides them.

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• Therobohour@lemmy.world ⁨10⁩ ⁨hours⁩ ago

  Say goodbye to 10% of your tax dollars

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• BigMacHole@sopuli.xyz ⁨10⁩ ⁨hours⁩ ago

  This is Small Government!

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• Imgonnatrythis@sh.itjust.works ⁨7⁩ ⁨hours⁩ ago

  How is it a great deal for Intel?

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  • _wizard@lemmy.world ⁨5⁩ ⁨hours⁩ ago

    Also interested in seeing. I’ve had weekly reoccurring purchases of Intel since their bottom dropped. My investment probably shit the bed.

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• nutsack@lemmy.dbzer0.com ⁨10⁩ ⁨hours⁩ ago

  buying stock with the people’s money just in time for a recession

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  • _stranger_@lemmy.world ⁨6⁩ ⁨hours⁩ ago

    As far as government bail outs go, I think taking a portion of the company in exchange is an excellent idea. THIS orange asshole is doing it for all the wrong reasons, and will VERY likely fuck up literally everything about it, but the idea is sound.

    I wonder what things would look like today if the government had taken some portion of control over all the auto manufacturers, airlines, banks, etc it has bailed out over the years instead of just giving them unsecured loans

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• floo@retrolemmy.com ⁨11⁩ ⁨hours⁩ ago

  What next, Volkswagen?

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  • themurphy@lemmy.ml ⁨11⁩ ⁨hours⁩ ago

    They settled for Tesla.

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    • floo@retrolemmy.com ⁨8⁩ ⁨hours⁩ ago

      I feel bad for laughing at this

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