Intel hit with lawsuit over $32 billion loss, shareholders complain company hid problems
Intel hit with lawsuit over $32 billion loss, shareholders complain company hid problems
24 Comments
“combined with a 99% drop in revenue in 2Q24”
Honestly impressive numbers. Not in a good way though.
How to destroy a successful company
Seems intel’s shady past is catching up with them.. Warm and fuzzy feelings.
“help! I can’t harvest dividends anymore without any work or input”
You’re fake news!
So before the users of the burnt chips can launch a lawsuit the shareholders launched a lawsuit of their own to pressure Intel to give in their demands? This is not looking good for the lawsuit that’s going to be launched by affected users isn’t it?
But it’s ok! They are laying off 15,000 employees and the CEO gave himself a 45% pay raise. At least the millionaire execs are safe
Userbenchmark: Why $32 billion loss is a good thing and why Intel should hide even more problems
Intel’s stock price is back to 2008 levels. Imagine that. 2008. I can’t capslock numbers but otherwise I would.
Anyone who is owning intel stock bought after 2008, is at a loss and anyone who bought it before, may as well have sold it in 2008 and made use of an ETF to ride the insane bull wave we’ve had for so many years.
I going to bet that Intel GPU department not going last long.
If they loss 99% you would think they would be selling equipment to recoup losses? Sure there are some chip people who would love what Intel has in their manufacturing facilities. Not firing thousands of people. Maybe these people are incompetent? Why people never ask or say that these days. We all know the state of employment these days.
the american business model is falling apart, boeing, intel, who is next?
Wtf who’s leading this company to the ground and fucking fast!!!
😱 ohh no! Won’t someone think of the poor shareholders!
This is the first of many lawsuits for them. Billable hours is drooling over this mess.
Know someone who bought more intel stocks on the 6th saying “I’m not a huge fan of Intel but they’re too big to fail you know?”
All I was able to say was I’m not sure intel is going up any time soon
What would grandma think.
The CEO out here throwing bible verses….yeah they’re fucked
And the shareholder leading that lawsuit? None other than WSB guy. /s
32 billion dollars is nothting for intel. They can easily cover that cost by firing 500,000 of their employees.
Nana is rolling in her grave right now.
Shareholders over products. Shareholders over employees.
Maybe capitalism is ass
Can we still expect to get 15th gen this year at this point lol
Imagine sueing a casino because you lost your money there.