Naam says similar Biden proposals would have sparked VC riots
If Biden had done this, there would have been riots on Sand Hill Road.
Extremely disturbing (for multiple reasons) that betting markets now see a significant chance of the Trump admin taking equity stakes in more than a dozen other major companies, including OpenAI & Anthropic.
Some users endorse reports of the Trump administration taking equity stakes in OpenAI and Anthropic, while many others criticize the policy as socialist, communist, or authoritarian hypocrisy.
No Digg Deeper questions have been answered for this story yet.
@scottlincicome This is what happens when you have a Republican congress with no principles, values, or morals that refuses to hold Trump accountable for anything. Not brazen corruption nor blatantly socialist policies. It's ironic, the very first thing they gave up was the free market.
Extremely disturbing (for multiple reasons) that betting markets now see a significant chance of the Trump admin taking equity stakes in more than a dozen other major companies, including OpenAI & Anthropic.
@scottlincicome Why is Rigetti at 62%? That seems like it's mispriced unless there is some specific news I am not aware of.
@scottlincicome Someone should invent some other government entity that could prevent this, maybe via laws
@scottlincicome Bet Trump will try to “transfer” the stake to his library
@scottlincicome Most of those bid/ask spreads are extremely wide.
@scottlincicome I want to point at this every time the right accuses the left of being socialists. The call is coming from inside the house!
@ramez so so so true
@scottlincicome I know you covered it with the (for multiple reasons) but I'm probably even more disturbed that this betting market shit exists and that people in government can basically just endlessly grift the public utilizing it with no oversight or repercussions
@scottlincicome State Corporations are a staple of Authoritarian economies. Looks great for about a decade… then rest of world passes you by. (see Russia)
@scottlincicome The socialist Trump administration. Next it will be a stake in AI run grocery stores.
@scottlincicome regulatory personism hedging
@scottlincicome @carlquintanilla It’s called communism
@scottlincicome While he tweets about socialism and communism being bad
@ericdfoley @scottlincicome Probably this https://finance.yahoo.com/markets/stocks/articles/receiving-100-million-trump-administration-102500955.html
@scottlincicome I don't think this means what you think it means.
