Trump says SoftBank will invest $50 billion in the US

[GloriaBrown]

I doubt that @GloriaBrown ... but if it does, that's capitalism. That's why communism doesn't work and capitalism in essence does... efficiency...

Sell the utilities monoploy business to another country is not much better than selling land to another country.

 

[JackRab]

That's true, but it's not like the telco business is dominated by 1 firm anymore. There are enough competitors to make it work. Multiple firms own their own network/towers.

PS, T-mobile is German from origine.

 

[d08]

It's a private equity fund run by SoftBank that will make an investment. Likely they will buy t-mobile which might have 50,000 jobs. Clearly it's crony capitalism. Trump claims a win, and SoftBank gets to merge t-mobile and sprint to continue the consolidation trend in wireless.

That sums it up. To all the Trumpsters -- welcome to politics.

 

[felixbocharov]

Well, looks like we need to get used to the fact that with Trump as a president we'll have some problems with understanding the reality and what really happens.

 

[GloriaBrown]

That's true, but it's not like the telco business is dominated by 1 firm anymore. There are enough competitors to make it work. Multiple firms own their own network/towers.

PS, T-mobile is German from origine.

Wiki says tmobile only hires 36k people. 50k is like 150% of tmobile. That is actually bad for US econ since japanese always just uses japaneses in any management levels that means firing a lot of americans

 

[JackRab]

Wiki says tmobile only hires 36k people. 50k is like 150% of tmobile. That is actually bad for US econ since japanese always just uses japaneses in any management levels that means firing a lot of americans

I've tried to read this statement 4 times.... I don't get what you're aiming at...

 

[newwurldmn]

Softbank will invest in a startup that allows people to be temporary waiters who only work for tips. Woala! 50,000 jobs.

 

[GloriaBrown]

Softbank will invest in a startup that allows people to be temporary waiters who only work for tips. Woala! 50,000 jobs.

hiring should be just a beautiful lie.

 

[comagnum]

That deal had existed a long time ago but did not go through due to an antitrust law blocking Sotbank from buying T-Mobile. Mr. Son (CEO Softbank) meet with Trump because he had said he is removing regulations from corps. The antitrust laws prevents monopolies. Today he is blaming the steel workers union as doing bad work and not being willing to work for $5 like they would do in Mexico. This was Trump acting like a 14 year old Internet troll. The steel workers had told the press the real number of jobs saved was 730. Not the 1,100 jobs he had lied about. I hope the do not give him the real launch codes for the nukes! This is extreme crony capitalism and tyranny. Now he is bragging about how his Tweets sent the Boeing stock rocketing down. Trump is taking us back to civil war era.

 

[GloriaBrown]

That deal had existed a long time ago but did not go through due to an antitrust law blocking Sotbank from buying T-Mobile. Mr. Son (CEO Softbank) meet with Trump because he had said he is removing regulations from corps. The antitrust laws prevents monopolies. Today he is blaming the steel workers union as doing bad work and not being willing to work for $5 like they would do in Mexico. This was Trump acting like a troll and tyrant. The steel workers had told the press the real number of jobs saved was 730, not the 1,100 Trump had lied about. Trump is an insane mad man - I hope the do not give him the real launch codes for the nukes!

A main goal of Trump is helpful corp and not just american corp to gain much more. Vote him to hope for better lives for average people is a joke.