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Meanwhile, Trump is over here practicing literal state socialism. The government now owns 10% of Intel.
Both in Fascism and Socialism/Communism the State owns the companies, or at least controls them.
Meanwhile in Neoliberalism the companies (well, Money in general) sits above the State, which is how it differs from Fascism: in both systems common people are at the bottom of the pile and whilst in Fascism a few people control the State which sits above Money, in Neoliberalism a few people control most of the Money which sits above the State (which is supposedly controlled by The People through elections, but since it's subsidiary to Money that means that what The People control via the vote is only that which Money doesn't care about)
In Democracy people are supposed to be at the top of the pile, controlling the State through their vote, with the State in turn being above the rest, including Money.
Their point is that the US practices white glove socialism for the rich and rugged merciless capitalism for the poor
The merging of government and corporate power structures has more in common with fascism than with authoritarian communism or ~~liberal~~ libertarian socialism.
It's more just that while they're calling Mamdani a communist, at the same time they're doing the thing that is literally the single most Communist thing a government can do: have the state gain direct ownership or control of the means of production. Communism is many things depending on where, when, and who you ask. But the bare minimum, the common denominator under all forms? State owns of the means of production. And here's Trump literally seizing the means of production. Not just giving out grants or loans, but literally taking a permanent equity stake in a major international company. That is the literal, most basic definition of a Communist action. If literally seizing the means of production isn't Communist, what the hell is?
Except communism isn't when the state seizes the means of production, it's when the workers seize the means of production. Anarchism, for example, is a form of communism that specifically calls for the abolition of the state.
I think the person you are replying to may have been trying to point out the irony of the Americans who voted for Trump because they don't want the state spending money on its poor citizens, when they turn a blind eye to the state investing heavily in private industry.