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Intel lost $16.6B last quarter.
by robotresearcher 2y ago
Intel lost $16.6B last quarter.
- 015a 2y agoWell: Don't give taxpayer money to an unprofitable company. After all: There's a reason why they're unprofitable.
- adastra22 2y agoSo, which is it?
- j_bum 2y agoWhy can’t it be both?
- adastra22 2y agoTaxpayer money can’t be spent on profitable companies, and can’t be spent on unprofitable companies. Would you rather taxpayer money be spent on inefficient government agencies instead of a free market solution?
- j_bum 2y agoYou’ve posed another false dichotomy fallacy. No, I wouldn’t.
- discardedrefuse 2y agohttps://www.intc.com/news-events/press-releases/detail/1716/intel-reports-third-quarter-2024-financial-results https://www.intc.com/news-events/press-releases/detail/1716/... The biggest difference from 2023 Q3 is a massive loss in "Cash flows provided by (used for) operating activities". Too many pizza parties I guess. This feels more like creative accounting to justify the layoffs and other cut backs.
- LMYahooTFY 2y agoPizza parties? I think you have a lot more reading to do. This industry is hard to grasp and it's the most capital intensive industry that exists. They're not throwing pizza parties.
- interludead 2y agoHow dire things are for the company right now