vegeta@lemmy.world to politics @lemmy.world · 5 months agoIntel faces investor backlash for selling 10% stake to Trump admin at discountarstechnica.comexternal-linkmessage-square28linkfedilinkarrow-up1398arrow-down11cross-posted to: technology@lemmit.onlineintel@lemmy.ziphardware@lemmy.worldtechnology@lemmy.world
arrow-up1397arrow-down1external-linkIntel faces investor backlash for selling 10% stake to Trump admin at discountarstechnica.comvegeta@lemmy.world to politics @lemmy.world · 5 months agomessage-square28linkfedilinkcross-posted to: technology@lemmit.onlineintel@lemmy.ziphardware@lemmy.worldtechnology@lemmy.world
minus-squareRagnor@feddit.dklinkfedilinkarrow-up15·5 months agoI wonder how many people are going to sell their shares because of this.
minus-squareNaibofTabrlinkfedilinkEnglisharrow-up20·5 months agoAt the moment, not many: The government bailing out a dying company is probably going to float the price, at least for awhile.
minus-squaresomethingsnappy@lemmy.worldlinkfedilinkarrow-up13·5 months agoThe market is complete bullshit at this point, but buying 10% of a company is going to push the price up for a while. The math is so basic.
minus-squareNaibofTabrlinkfedilinkEnglisharrow-up4·5 months agoYup. It does make me wonder if Trump is maybe doing a favor for some investor buddy, raising the price so they can exit at a higher value.
minus-squarediscosnails@lemmy.wtflinkfedilinkarrow-up7·5 months agoIntel is one of Israel’s largest private sector employers, about 10k people, which is a third as large a workforce as the largest employer, a bank. They cut 3000 employees there in the last several years as a result of their issues…
I wonder how many people are going to sell their shares because of this.
At the moment, not many:
The government bailing out a dying company is probably going to float the price, at least for awhile.
The market is complete bullshit at this point, but buying 10% of a company is going to push the price up for a while. The math is so basic.
Yup. It does make me wonder if Trump is maybe doing a favor for some investor buddy, raising the price so they can exit at a higher value.
Intel is one of Israel’s largest private sector employers, about 10k people, which is a third as large a workforce as the largest employer, a bank. They cut 3000 employees there in the last several years as a result of their issues…