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Commerce Secretary Urges Fox News Viewers To Buy Tesla Stock: ‘Elon Musk Is Probably the Best Person To Bet On!’ (www.mediaite.com)

submitted 3 days ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] CosmoNova@lemmy.world 26 points 3 days ago (1 children)

It‘s a bad bet because he is so insanely rich and powerful. Just take a look at Putin‘s Gasprom. Oligarchs know how to extract money out of a company before lesser oligarchs can get their hands on it. Avoid any stocks that are too close to the government right now.

[–] possiblylinux127@lemmy.zip 2 points 1 day ago* (last edited 1 day ago)

It is frankly a terrible business move for a company to align itself with the government.

I think it is funny that Zuck decided to align himself with the administration. I'm sure it was to avoid being thrown under the bus by Trump but I don't think it is helping there general PR.