He also didn't sell all his holdings. Trading stocks and earning money isn't evidenced of insider trading; or all of Congress would be guilty.
Selling some stock before the price dips isn't evidence of insider trading. Nvidia isn't some obscure stock.
The point of trading is to buy before the price rises, and sell before the price dips.
Everyone with a STEM degree in the US, white or otherwise, can get some job at a tech company. Even with AI automating work in digital spaces, the employment rate in the US is near full; unemployment hovering around 5%.
The main thing foreign workers have going for them is mostly that they're willing to work everywhere; whereas Americans increasingly want to find work localized to where they live.
And a more efficient economy, with more people to buy and sell from without trade barriers, and a global talent pool to scalp from, is going to be good for any economy, as a whole. But separate question is whether those economic gains get passed down to the average American; either in lower prices for cheaper labor, or higher wages for increased productivity.
But that's a question of the structure of the economy. Like, whether we have effective anti-trust; or whether corporate monopolies, duopolies, triopolies dominate every supply chain; sometimes colluding. The folks at the top are going to grab every stray penny in gains if the structure and governance of the economy is broken; regardless of the immigration rate.
Everything is ultimately responsibility of the government.
You can hope and pray that someone will do India a favor, with their company; but that's just not a company's responsibility. It's not how the system is supposed to work. The government delineates property ownership. It structures the economy.
So if companies aren't doing the right thing, government needs to implement reforms. To the extent that executives and big investors have leverage over government, you can argue they are responsible in that sense.
@pcasey0430 I still haven't got my $50 check, promised by the white folks at Equifax.
When they leaked everyone's social security number, names, and birthdates.
The article doesn't bother me.
If Chinese want respect, and think they have something to offer, that sounds like an opportunity. Tell them what they want to hear, let them help India, and we can own the outcome together.
The goal is development. That wins a lot more respect than anything else. Who cares who we work with to get there?
Now, there are genuine trolls and saboteurs, but we can make a distinction between those folks, and the folks simply stating China has something to offer. I feel like owning the outcome together is a much more easier path forward to development for everyone involved.
And maybe they don't follow through. But then we can at least say we rolled out the carpet for them; gave them a chance to be part of the achievement.
Where are the police?
Good on these people for standing up for themselves. But law enforcement need to do their job and hold the tourist responsible.
Intentionally disrespecting an innocent local community as a tourist, and moreover trespassing inside peoples' houses, should not be legal anywhere.
OK but why does it matter? In fact, why would that be a bad thing?
Let them be proud of it if they want. In fact, thank them for the help.
We should all wish to appreciate being partners in collective development.
The point is, you're building infrastructure and industry.
Nothing else matters, because nothing else undergirds sovereign hard power as much. Just be single-minded about that while India is developing.
I guess I understand the national security / IP concerns regarding one of his mistresses. But if that alone wasn't sufficient to out him, then why were the additional, unremarkable affairs?
When it comes to run of the mill affairs with a random girls, why does it matter? Can't that just stay between him and his family?
It was a partial sale, not a full dump of his stock. Was it ever actually confirmed that he had insider info thus made some decision about the trade?
Nvidia isn't an obscure stock. People buy and sell partial sums of their stock all the time.
You can just as easily argue that the admin framed him by timing the bad news.
@NowIBecameDeath@IndianTechGuide We shouldn't need to make extra amenities or generate extra energy.
We just need dense urban planning, that leverages commercial and residential high-rises interspersed with greenspace.
It's efficient, it's aesthetically impressive, and it has a lower footprint in land usage.
@RakeshK32229480 China certainly might try; but it would be ridiculous if he agreed.
Just fly to China, right after being accused of being loose with secrets, and be like "actually, I'm building the exact same sensitive IP I was building in the US, but now in China".
@NowIBecameDeath@IndianTechGuide All that extra land is called nature.
Also, there isn't scarcity of land, but there is scarcity of water and energy; allowing of which you use much more of when you build in a sprawling manner; even if upfront costs are cheaper and easier to spontaneously organize.