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/anonymous_lighting 20h ago

i hear ya but to that same point do they really gain anything if their wealth increases by 10% after the fact? 

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u/sump_daddy 20h ago

Its not just that. Its their CONTROL. They will be able to buy many new and diverse businesses, dirt cheap because they are on the ropes. The FTC and other federal orgs designed to stop monopolies from forming or abusing their positions will be gutted, of course, so there will be no guardrails to complete consolidation into a dystopian corporatocracy.

"just a few more billions"? Thats not their end game, Zuck literally is mapping out where Meta vertically controls a significant portion of the country (of course alongside important allies at Amazon, XAI, Alphabet, etc)

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u/Useful-Perspective 19h ago

They will be able to buy many new and diverse businesses, dirt cheap because they are on the ropes.

Yeah, pay close attention to the IP that they gobble up on the cheap

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u/OkAd134 19h ago

This is exactly the path to riches that the Russian Oligarchs took