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Trump Media announces $6B merger with fusion company TAE Technologies
- bhouston 10mo agoHuh? TAE is Google-backed btw. Feels like "State Capitalism": "TAE, backed by Alphabet’s Google and Chevron, the oil giant, is aiming to develop and sell next-generation neutral beam systems for fusion and related applications in a more cost-effective manner." Another source: https://www.theguardian.com/media/2025/dec/18/truth-social-merger-fusion-power-tae https://www.theguardian.com/media/2025/dec/18/truth-social-m...
- stocksinsmocks 10mo ago“State capitalism” would imply it serves the overarching interest of the state. Pretty sure this is just good old-fashioned graft. If Chevron and Google want to go about their business, then you have to pay the mafia don his vig. Just like the last administration, and probably a lot like what the next one will be like.