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return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 11 hours ago

The race is on to sue Nvidia | TechCrunch

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The race is on to sue Nvidia | TechCrunch

techcrunch.com

return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 11 hours ago
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Nvidia’s stock slid more than 4% after its board opened an investigation into Jensen Huang’s relationship with a suspected Chinese spy, and one securities law expert says the company’s earlier insistence that it was all “normal” could turn into a very expensive problem.
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  • bamboo@lemmy.blahaj.zone
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    7 hours ago

    I am not a lawyer but statements from Nvidia from a week ago were clearly false. When this started to come to light, there were official press statements which we now know were known to be false: https://abcnews.com/US/nvidia-responds-report-ceo-allegedly-targeted-chinese-spy/story?id=137704250

    In a statement to ABC News, a Nvidia spokesperson said Jensen Huang “talks with thousands of customer executives every year.”

    “Jensen’s interactions with Ms. Huang are not unusual or unexpected,” the statement read. “Meetings with customers are part of a CEO’s job.”

    At the very least, anyone who bought shares of Nvidia stock after this statement was made and now was deceived by the company’s statements, and is probably going to be part of a class action case.

    • Gladaed@feddit.org
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      6 hours ago

      Damage control/reducing outrage to a potentially benign thing isn’t misleading unless you can prove that they should have known. It isn’t usual or legal to spy on employees.

  • Almacca@aussie.zone
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    9 hours ago

    There’s no mention of Huang being put on furlough, if not just outright sacked, and had all his company computer access/accounts revoked pending an investigation.

    • artyom@piefed.social
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      7 hours ago

      Which Huang 🤣

      • fyzzlefry@retrolemmy.com
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        7 hours ago

        The sexy one

        • Almacca@aussie.zone
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          6 hours ago

          in the leather jacket.

      • Almacca@aussie.zone
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        6 hours ago

        Either. Both?

  • JiveTurkey@lemmy.world
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    8 hours ago

    I doubt anything meaningful comes from this but it would be nice of this ruined Huang and nvidia. Feed em fish heads

    • anon_8675309@lemmy.world
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      7 minutes ago

      Roly poly fish heads.

    • bamboo@lemmy.blahaj.zone
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      7 hours ago

      The way i see it, there are really only two possible outcomes, either he did divulge secrets to a spy, and that’ll be a big problem for him, or he didn’t divulge any secrets but still shows he got played by a spy. Either way, he’ll probably step down as CEO, but the big issue is there’s no clear line of succession in the org, so it’s all a bit messy.

  • BooBees@fedinsfw.app
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    11 hours ago

    And yet still, the leather jacket will stay on

    • Annoyed_🦀 @lemmy.zip
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      10 hours ago

      Maybe the CEO of Nvidia is the leather jacket, Jensen is a mere puppet controlled by it.

      • Darkenfolk@sh.itjust.works
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        22 minutes ago

        Jack of jackets instead of jack of blades.

      • CheesyFingers@piefed.social
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        4 hours ago

        "Whomsoever takes up this blade jacket shall wield power eternal. Just as the blade rends jacket covers flesh, so must power scar obscure the spirit.”

      • HulkSmashBurgers@reddthat.com
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        10 hours ago

        venom is the nvidia ceo!

        • mannycalavera@feddit.uk
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          1 hour ago

          We are Jensen VENOM!

    • aim4harmony@lemmy.world
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      10 hours ago

      Sir Leather Jacket

  • 404found@lemmy.zip
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    9 hours ago

    What does an internal investigation actually mean and how long does it take?

    • mango🥭@lemmy.dbzer0.com
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      7 hours ago

      I guess if you are billionaire mean nothing, but if you are a normal person your life is probably over.

  • Avid Amoeba@lemmy.ca
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    9 hours ago

    I don’t understand, sue NVIDIA for what? Turning a blind eye to smuggling made NVIDIA shareholders money.

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