U.S. takes 10% stake in Intel as Trump flexes more power over big business
Technology
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Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
"Free" market.
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He just nationalized Intel. That's what conservatives are afraid of far left governments doing.
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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I mean, no. Owning a 10% stake is not nationalisation.
Yes. It is.
Excalty like China.
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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.
Literallt extortion.
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"Free" market.
Since Wall Street, never really was.
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What next, Volkswagen?
They settled for Tesla.
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Since Wall Street, never really was.
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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Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
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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He just nationalized Intel. That's what conservatives are afraid of far left governments doing.
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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Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
For real, this just further cemented me not wanting to buy any new Intel devices.
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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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Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
Could you imagine how many times the word "socialism" would be blasted on Fox News if Biden did this?
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Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
Say goodbye to 10% of your tax dollars
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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
Honestly this. Their cpus melting down over the past couple years and their refusal to even acknowledge it hurt their image more than any potential backdoor could.
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Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
This is Small Government!
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Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
buying stock with the people's money just in time for a recession
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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
No cliffhanger please.
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Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
Release the Trump/Epstein files
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Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
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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Since Wall Street, never really was.
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.
