1129
Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
this post was submitted on 01 Aug 2024
1129 points (99.0% liked)
Technology
59135 readers
2532 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There’s a dude in wallstreetbets who dumped a $700k inheritance into Intel stocks. lol
Dude, what the heck is wrong with people. Wealth is wasted on the stupid.
What's the problem? They put the money back into circulation. That's a good thing, no?
The problem is that it is just poor money management. He could've been set for life. Put that into an index or S&P500 and get 10% every year. That's 70k and he wouldn't even have to work. If you took that 70k and invested back into the fund, you can double your money in about 7 years, assuming 10% returns.
Yeah I agree. That's what I would've done. You saying that wealth is wasted just made it sound like the money dissapeared somehow. He wasted his chance on financial independence, sure, but that's not away from the rest of us.