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
62.1k Upvotes

91% Upvoted

2.0k comments sorted by

View all comments

415

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.

429

u/Mysterious-Job-469 19h ago

Yep. People said the same thing about the Pandemic.

Looking back, the Pandemic was the largest wealth transfer in the entire history of mankind.

109

u/Independent-Cow-4070 19h ago

And the 08 recession, and the Great Depression

73

u/Fit-Engineer8778 18h ago

Yeah but the pandemic was the largest. They can’t all three be the largest.

10

u/technobicheiro 17h ago

They can be the largest of their time, nobody called World War 1 World War 1 until the second one happened.

18

u/rfandomization 16h ago

pedantry dictates that I mention "First World War" was in fact a thing before the second one, but rather than implying a second was to come, it was used to indicate the First war that the whole world had fought in simultaneously

5

u/technobicheiro 16h ago

fair point: largest wealth transfer in the entire history of mankind, so far...

1

u/Dustinj1991 16h ago

Wait stop that makes sense but hurts my brain for some reason.

1

u/[deleted] 12h ago

[deleted]

1

u/Fit-Engineer8778 2h ago

Yeah after the Second World War happened. It was called the Great War up until then.

1

u/Brigadier_Beavers 16h ago

not saying you're wrong, but is that comparison by raw number dollar value or does it take inflation with buying power into account?

1

u/Fit-Engineer8778 14h ago

Raw dog, dawg

0

u/X2F0111 16h ago

I mean they were the largest at the time. So yes, for a moment, they were each the largest.