• BigMacHole@lemm.ee
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    5 hours ago

    That would be a HUGE Conflict of Interest if he was also a Government Official overseeing things like Regulation and Contracts! Intel would be his THIRD or FOURTH or FIFTH company that would rely on Government Funding!

  • Bakkoda@sh.itjust.works
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    8 hours ago

    Imagine being a business willing to risk everything getting involved with this lunatic lol

    If businesses nowadays were people we’d have interventions for them or lock them up for their own sake.

  • Gammelfisch@lemmy.world
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    13 hours ago

    If Leon buys Intel, then I will switch permanently to AMD or the loser is playing with the market.

    • sugar_in_your_tea@sh.itjust.works
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      10 hours ago

      That’s a ally reason to pick a piece of tech IMO. I buy exclusively AMD because they offer great value, especially since they support their sockets for a long time. For their GPUs, they have fantastic drivers on Linux.

      I honestly don’t care who owns them, I care that the quality is good for the price. I don’t find that to be true for Tesla, so I don’t own one. If he buys Intel, that won’t change my opinion of their products, I’ll still avoid them because he value isn’t there.

    • cm0002@lemmy.worldOP
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      13 hours ago

      switch permanently to AMD

      So glad I switched to AM5 on my last main gaming rig rebuild last year lol

  • Phoenixz
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    13 hours ago

    So he’ll pay again twice the amount of money, then run the company off a bigger cliff than it’s currently falling off already?

    I’ll heat up the popcorn

  • dfi@lemmy.nz
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    1 day ago

    This rumor sounds like a crypto pump and dump.

    Please buy Intel stock so we can sell ours!!

    • john89
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      1 day ago

      If Intel didn’t have yield issues for over a decade, wouldn’t they be much further ahead than AMD by now?

      Kinda weird how their production problems conveniently coincide with what will keep them “neck n’ neck” with the competition for as long as possible.

      • dai@lemmy.world
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        20 hours ago

        Intel made some massive mistakes with their post 14nm nodes, they overextended and fell on their own sword.

        Admittedly what Intel were aiming for with their “10nm” node had higher density than tsmc’s “7nm” (from memory), considering the timeframe that would have been another massive leap for Intel; and if they had pulled it off AMD would be struggling like the bulldozer days.

        22nm to 14nm Intel were on fire, almost seemed untouchable for quite some time. X99 was (in my eyes) the biggest leap in the right direction and probably their best consumer platform ever released. Huge cache, moar cores, pcie lanes for days and a refresh on their latest node (6950x).

  • EvilBit@lemmy.world
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    2 days ago

    No responsible board should sell as much as a paper clip to this sociopathic weenis piss baby.

    • breakingcups@lemmy.world
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      2 days ago

      Now give me an example of a corporate board at Intel’s scale being responsible when given the choice between being responsible or buttloads of short-term profits.

    • Grandwolf319@sh.itjust.works
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      1 day ago

      What? It worked out for Twitter shareholders though.

      What bothers me about all these political posts is when people act surprised when profit seeking people act purely in their self interest.

      I agree it’s bad, but it’s weird to be constantly mad about things so obvious like parasites acting parasitically.

    • Buffalox@lemmy.world
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      2 days ago

      Responsible to who?
      Of course they will sell if there’s a profit to be made. Companies exist to make profits, if they can make a profit from it, it’s actually their responsibility to the shareholders to do it.

      Maybe you mean responsible in some way that has to do with morals, but if you think morals apart from staying within the law, have any say in this whatsoever, you are being very naive. That’s not at all how the system works.

      That said I don’t see any other way than corruption for Musk to be interested. Musk buys Intel, and Trump doubles the subsidies to Intel and give them extra sweet government contracts. And everybody profit, except the stupid taxpayers including those that voted Trump.

      Only the law helps super capitalist narcissists to stay at least somewhat within moral norms.
      And in USA the law doesn’t even count anymore. So there you go, everything is fucked up, until Americans figure it out. Which means it will be fucked up for a loooong time.

      • MajorHavoc@programming.dev
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        2 days ago

        Yeah.

        And there’s a very good chance that Elon spends his waning years in and out of every court, trying to stay out of jail.

        Source: Rockefeller’s biography.

        And that’s actually the optimistic version, from Elon’s perspective. There’s been plenty of rich assholes in history that didn’t have to worry about the courts.

        • Auli
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          2 days ago

          Not doing to happen in this political climate. The robber barons has nothing in the tech companies.

        • TheFogan@programming.dev
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          1 day ago

          I mean really depends whether or not he manages to continue to succesfully own the US government. He made basically statements along the lines of if trump loses the election he could go to jail. I assume he’s betting on either the trump administration killing democracy… or being able to buy the next election too. Or perhaps just often enough that the supreme court never gets fixed.

          • MajorHavoc@programming.dev
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            1 day ago

            Yeah. Rockefeller pretty much owned the government in his heyday, too.

            And then at some point he didn’t anymore. Money can buy power, but it does run out eventually.

            Rockefeller was a lot smarter than Musk, and got a bit ahead of it with publicity stunt donations, before his influence ran out.

            Musk thinks he can achieve a better outcome by controlling the media or the courts.

            I think it’s objectively true that controlling the media does work, but I also think Musk wildly overestimates his own competence, and is in for a worse time than Rockefeller had.

    • Venator@lemmy.nz
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      2 days ago

      He hasn’t bought it yet, maybe everyone else will stay buying Intel stocks after this news and it’ll get too expensive for him.

  • psycho_driver@lemmy.world
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    1 day ago

    Mixed feelings about this as someone with a relatively (per my portfolio) huge investment in Intel. It would result, eventually, in the end of Intel. But so many dumb people with so much money keep throwing money at his crap companies so it might work out in the short term to get out with a profit.

    • NotMyOldRedditName@lemmy.world
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      13 hours ago

      On the social media front Elon literally knows nothing, but it’s impossible to deny that he hasn’t helped build 2 companies that know how to manufacturer complex hardware at scale. To deny that just shows ignorance.

      So while Intel has so many problems, and there’s the whole politics disaster side of things, he might not actually cause the end of Intel from a hardware perspective.

      • towerful@programming.dev
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        10 hours ago

        I don’t know that he has helped build anything. He has helped hype 2 companies.
        He did great PR when someone was managing him, but recently his PR is poison.
        SpaceX is managed by someone competent, musk has - quite frankly - little to do with the company.
        Tesla is riding the hype from before musk took off the mask. I give them 4 years, tops. If it’s not already on the way down.

        Intel needs to be run and managed by engineers. That’s what we want from core components. Not hype, not bubbles, not marketing speak, not fancy names and confusing part numbers. We want actual engineers who have thought through the implications of their decisions all the way to the end consumer. We want hardware that works and is predictable.

        • NotMyOldRedditName@lemmy.world
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          6 hours ago

          Tom Mueller the person who was at SpaceX at the start would wholly disagree with you and says so online, as have other people, but instead people just say they are saving face and rely on anonymous sources to say he does jack all.

          So like I said, ignorance.

          It’s blissful sure, but it’s ignorance.

          Edit: there are plenty of reasons to hate and dunk on the dude, but people love to enhance it with stuff like he doesn’t and never did do anything to make their hate seem even more worthy. All it does though is make you look ignorant.

      • Echo Dot@feddit.uk
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        1 day ago

        I think the point is the stock would actually go up if Musk buys it because people think he’s a great businessman, despite all the evidence to the country. So no need to short it, just sell at the peak and duck out before he manages to crash and burn. Again.

      • viking@infosec.pub
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        1 day ago

        Reads more like the investment tanked and he’s hoping for a recovery.

        Shorting sounds nice though, long term.

  • OutlierBlue
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    1 day ago

    Isn’t he busy enough buying the United States right now?

      • john89
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        1 day ago

        Yep. Citizens’ United guaranteed that by allowing corporations to funnel an unlimited amount of money into campaigns.

        Just a heads up, if spending wasting egregious amounts of money didn’t influence the outcome of elections, why would people do it?

  • DicJacobus@lemmy.world
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    1 day ago

    I was about to get extremely upset, and then I remembered I haven’t used intel since 2012.