Palantir Cofounder on US Intel Stake: 'the Whole Thing Is Very Weird'
Palantir Cofounder on US Intel Stake: 'the Whole Thing Is Very Weird'
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Palantir cofounder on the US taking a stake in Intel: 'The whole thing is very weird'
Palantir cofounder Joe Lonsdale said the government's decision to take a stake in Intel is "cronyism in some form."
"It's very weird, of course, for the government to be taking a stake in something," Lonsdale said on CNBC's Squawk Box. "It's also a little bit weird for the government to be giving $9 billion to a company, too."
"It's cronyism in some form," he added. Cronyism, the milder cousin of nepotism, is the practice of giving jobs and benefits to friends.