Intel Craters at Taxpayers' Expense (Bailouts for Failing Companies Simple Don't Work)
The press (Establishment media) reports that Intel's sales are now worse than AMD's for the first time ever.
Yes, the "underdog" AMD is better off than Intel now. We've put that in Daily Links.
AMD, unlike Intel, isn't a taxpayers' company. US taxpayers did not bail out AMD.
As Ryan said some hours ago, "Intel lost 58% of its "value" in thirty days. Despite Trump forcing taxpayers to buy their stock. He had the Treasury buy Intel stock at a high point, he's lost more than half the taxpayer money he used."
We covered this in:
- Intel Has Just Lost in One Single Day Over 150 Billion Dollars in 'Value' (Market Cap), Intel is Also Over 50 Billion Dollars in Debt
- Intel Corporation Down Over 51% in One Month, the US Bailout Didn't Work
- Intel is 0xDEADBEEF
It is absurd that the state owns the company, even partially. What is this, communism?
GOP, which did this, has lost many seats. █