r/technology • u/DontFearTheCreaper • 20h ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
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u/Macro_Tears 20h ago

This isn’t hurting them! This is good for billionaires…how do people not see that they’re just going to consolidate more wealth???

2

u/Hellknightx 19h ago

Exactly. A recession is going to hurt us a lot more than them. They'll just use this opportunity to buy back stock.

2

u/Open_Measurement0 18h ago

You're expecting young redditors that probably have never invested to understand this? lol they have already realized their gains and setup short positions for this obvious crash

-2

u/UUtch 16h ago

The economy isn't 0 sum. Everyone's losing here. Not asking you to feel bad for them, but we need to operate in reality

-1

u/MKW69 15h ago

Most of the money they have isn't in resources, it's in stacks. Recession will make their worth who knows how much worse?