While it’s still a profitable investment, the value of those holdings dropped by about $12 billion on Friday.
So while fuck Republicans in general, and the government taking such a stake is not very free market, it is not completely obvious that taking the stake was stupid. Losing $12 billion on a $9 billion investment is a clue :P.
The Trump admin purchased $8.9 billion dollars worth of intel stock. Pumped the shit out of the stock basically.
Ah, thanks, I were too lazy to read the article.
The article does still say:
So while fuck Republicans in general, and the government taking such a stake is not very free market, it is not completely obvious that taking the stake was stupid. Losing $12 billion on a $9 billion investment is a clue :P.