U.S. takes 10% stake in Intel as Trump flexes more power over big business
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By your maths it's 10/50.01=19.99% nationalised, actually.
Yes, I've already fixed myself, it was sad
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The same way SEC stops market markers from manipulating the stocks
so they wont?
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It wouldn't, they are one big criminal family after all.
You're as bad as centrists/swing voters
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10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".
Or maybe I'm wrong.
10% is a controlling share. The government (Trump) owns enough to make major decisions about how the company is run.
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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.
i just got an amd card in response
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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.
Years of failed management rewarded with government bailout.
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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.
Why does he always close with "Thank you for your attention to this matter"? Does he think he's got his big boy pants on or something?
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you raise interesting questions. how do you stop some asshole president from using infinite taxpayer money to manipulate the price of a stock?
I don't know if you've noticed, but they already do that with zero government money.
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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.
so, AMD for me from now on then.
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You're as bad as centrists/swing voters
I'm worse, I'm not ever voting at all in US elections. Being a Russian citizen and never having set foot in the US.
But they are one big criminal family. I mean, yes, in the 90s Clinton and the democratic party really had sort of a plan of battle, but they dropped the ball completely. It's unfortunate, because had they not, maybe our world would really be similar to more utopian lines from sci-fi.
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Why does he always close with "Thank you for your attention to this matter"? Does he think he's got his big boy pants on or something?
Probably heard it once and thought it was cool or saw a couple of memes with it and now it’s his brain worm.
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Say goodbye to 10% of your tax dollars
The United States paid nothing for these shares
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Why does he always close with "Thank you for your attention to this matter"? Does he think he's got his big boy pants on or something?
If you had been sued as often as this guy, you'd probably be muttering random legalese in your sleep and unconsciously letting it leech into your vocab, too
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Years of failed management rewarded with government bailout.
I missed something, what did Intel get in return for 10% of their company?
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I missed something, what did Intel get in return for 10% of their company?
Your tax money
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For real, this just further cemented me not wanting to buy any new Intel devices.
So true, I've officially bought my last Intel product, though I didn't know it at the time.. A shame cause I was interested in their GPUs at maybe some point in the future. From now on it's either ARM or AMD. Can't support a company (partially) controlled by a fascism regime.
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i just got an amd card in response
Oh i've been buying AMD for a while because Intel has been rudderless for ages
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so, AMD for me from now on then.
Yes, but also because they're just better chips and you probably should have only been getting them to begin with. Way more power efficient, smaller process, less heat, easier to upgrade, better multi core performance, lower price; you just get a better CPU.
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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.
So how did they get all that stock for free?
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I missed something, what did Intel get in return for 10% of their company?
The assurance that no matter how much they mess up, they will have government backing.
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