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/andrewskdr 20h ago

Those upcoming stock buybacks are going to be dirt cheap

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u/jdoeinboston 20h ago edited 14h ago

Yeah, everyone is ready to celebrate this, but they literally don't give a shit.

The billionaire class can afford to ride this shit out while the rest of us see our 401ks shredded. Coincides perfectly with one of them gutting social security so we can all work until we die like good little worker drones.

And while we're trying to pick up the pieces, they'll be buying up all of the underwater mortgages and buying low on any safe stocks that will inevitably bounce back.

Just like the pandemic where they faced some losses early on but then started making it back hand over fist by using "the new normal" to take the peasants for all we're worth.

At least one of these pieces of shit is going to come out the other side of this a trillionaire.

Edited for typo.

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u/Mysterious-Job-469 19h ago

The pandemic was THE LARGEST WEALTH TRANSFER IN THE HISTORY OF MANKIND BY SEVERAL TRILLION DOLLARS. The shareholders are gnashing their teeth and clenching their fists in anger that they're not seeing that growth every single second of every single day for the rest of time.

Not shocked they're trying to brute force another "gRoWtH" period.

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u/Grouchy-Donkey-8609 3h ago

"The largest transfer of wealth , so far.."