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/roylennigan 1d ago

If you look at the history of market downturns, you'll find wealthy individuals who are able to consolidate their wealth by buying up capital that suddenly becomes cheap. When the market crashes, companies go under, and the ones that stay afloat can buy them up. If you know you can stay afloat, you're going to benefit from a market crash, even if you lose billions in the short term.

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u/FaultElectrical4075 1d ago

That is opportunism. It isn’t planned out.

When the market crashes companies go under which is exactly why powerful people don’t want the market to crash, but sometimes it does anyway and people with the ability will take advantage of that when it happens.

If companies are being bought out they are being bought from someone. That person has clearly lost out.

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u/Outlulz 1d ago

Google is not going go under. Meta is not going to go under. Apple is not going to go under. The guys grinning behind Trump that may lose some billions in stock value in the short term but ultimately will come out ahead.

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u/FaultElectrical4075 1d ago

I didn’t say they would go under, but they will be severely hurt.

Standing behind Trump is them trying to protect themselves. It’s incredibly cynical but it is not like they are benefiting from this.

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u/No-Top-8429 1d ago

They will benefit when my children are grown and I have nothing to leave them. They’ll have…all of it…everything