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It is legal because Jensen isn't selling drugs, payday loans are legal too!
by Aperocky 8mo ago
It is legal because Jensen isn't selling drugs, payday loans are legal too!
- lotsofpulp 8mo agoIt’s legal because both sides have armies of lawyers and are voluntarily entering into contracts where each party gets consideration. How someone can compare the above situation to a person getting a payday loan to put a roof over their head or food on their plate is beyond me. The “it’s like <insert wild and inappropriate analogy to stoke emotion>” is a tired trope.
- bandrami 8mo agoCome on, calling a round of vendor financing (which is what the NVIDIA money is) "funding" is eggregiously misleading. The only new money entering the sector from this is SoftBank's stake.
- lotsofpulp 8mo agoThey might have dressed up the wording, but the details are all there for anyone who wants to objectively look at the deal. It is a group of two executives making a non coerced deal and disclosing the required information to investors. Might be a stupid gamble, but it's not akin to a loan shark shaking down a hungry, cold person for life's essentials.