Hacker News new | ask | show | jobs
by lordlimecat 2814 days ago
The idea that the Chinese gov't would seize Apple's "entire production" is up there with the possibility that the US invades China. It isn't going to happen. There are just too many consequences, not least of which is the withdrawal of most US companies from China.

The SEC on the other hand literally just got done fining Elon Musk $20m for a tweet. Fines for something like this could be in the hundreds of millions, that's not something you risk when you could just say "we are investigating the claims and take them seriously."

1 comments

SEC fined him over something so much easier to verify that I wonder why is everybody bringing it up? Why do you think truthiness of Apple'a / Amazon's statements will be obvious in next year or two? Why do you think that accussation like "China is hacking our HW" from Apple would not escalate situation dramatically? (implicating they have to deny as hard as possible)

It's such obvious damage control in shit-has-publicly-hit-the-fan situation ... Why do you think SEC's fines (lol $20M, even for Tesla/Musk it's not a big deal, Apple would have to be hit with 100times that to even notice it) are even relevant now?

And "It isn't going to happen." could have been said about hardware attacks on USA from China last week. Situation has changed quite a bit, China is either starting to abuse its hw monopoly or someone is doing A LOT to prevent such scenario, so the stakes are too high for simple SEC fines to be worth discussing.