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Trump says Intel's CEO must resign, sending its stock tumbling (www.pbs.org)
submitted 1 year ago by to c/technology@midwest.social
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Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign.

“The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!”

Trump made the post after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People’s Liberation Army, and asked the board whether Tan had divested his interests in these companies to eliminate any conflicts of interest.

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[–] 4 points 1 year ago

that's fucking rich

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    [–] 3 points 1 year ago

    Lmao. Asked the board if he divested his interests? You mean like you did, Cheeto Mussolini? Huh? Like you divested in your interests? Fuck outta here.

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    9 comments in c/technology@lemmy.ml view that post
    [–] 22 points 1 year ago (2 children)

    So this is another pump and dump, got it.

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  • [–] 7 points 1 year ago*

    Kinda seems like he does the opposite, but I haven't been personally checking when his cronies sell. He seems to say some bullshit to tank a market then buy cheap knowing it'll go back up, because taco.

    A dump and pump, if you will. Which is very fitting for 'ol Donnie.

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    • [–] 12 points 1 year ago

    BS. It's been falling since Dec 2023. And it's been around the current level for the past year.

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    [–] 7 points 1 year ago

    Since we're talking about conflicts of interest, Donald...

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    [–] 2 points 1 year ago

    Everyone who is conflicted must resign immediately.

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    [–] 0 points 1 year ago (3 children)

    Time to buy more intel stock.

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  • [–] 2 points 1 year ago (2 children)

    I wouldn't do that without looking at the stock price history.

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  • [–] 1 point 1 year ago (1 child)

    Its down to what it was about a year ago. Its been much higher in the past but crashed about a year ago to where it is now and slowly had risen until tRumps post. Depending on how far it falls I will buy more. I think it will go back up easily especially since their gpus are starting to be viable. They are a safe bet imo.

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  • [–] 5 points 1 year ago

    Intel's future hasn't been looking great, for a bunch of reasons, unrelated to Trump.

    I'm not saying you should avoid it ("Be greedy when others are fearful"), but you should really make sure you understand what you're getting into.

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    • 3 comments in c/usa@midwest.social view that post
    [–] 8 points 1 year ago

    Great. Now go buy intel stock and wait 3 days

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    [–] 8 points 1 year ago (1 child)

    I'm going to assume he just didn't pay Trump enough money or deference. The idea that there might be any actual conflict of interest doesn't even register on the scale.

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