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
62.0k Upvotes

91% Upvoted

2.0k comments sorted by

View all comments

407

u/[deleted] 20h ago

Temporary losses to buy back in at an incredibly low amount and come out multiple times richer after the administration is gone.

39

u/jlboygenius 18h ago

When you've got cash, elect a republican to crash the markets and deregulate. Buy everything cheap, then elect a democrat to bring it back up and get richer.

at least, that's how it's worked for the past 30 years.

3

u/[deleted] 17h ago

Simplified but absolutely correct.