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/SporadicPanic 1d ago

A good example may be Zappos. Zappos absolutely did not want to be bought by amazon; they rebuffed an early offer but when the 2008 financial crisis hit and Zappos' credit lines were affected, they gave in and were bought out by amazon.

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u/xixipinga 1d ago

Ok, but i dont see tesla having a lot of money to buy real car manufacturesrs and nvidia or open ai having a lot of money to buy the competition if their own market value has dropped by 90%, they can take advantage of one opportunity here and there, but crashing their stock valuation on purpose is not something those greedy lunatics would ever do