r/technology • u/DontFearTheCreaper • 1d 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/Ashamed-Status-9668 1d ago

"lose billions" - They haven't lost anything other than stock value for stock they will not sell while its down. Nice little perk of being filthy rich is you can let all your investments crash and wait it out since you don't need that money.

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u/SaveTheTuaHawk 1d ago

That's not the way it works. To avoid paying taxes, these dicks borrow money against their stock values, because no one pays taxes on borrowed money. Given inherent human greed, they are all leveraged and when stocks go poof, colateral goes poof and banks get nervous and ask for their money back.

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u/NewCobbler6933 1d ago

So how exactly do they pay these loans back without a taxable event?