r/technology • u/DontFearTheCreaper • 2d 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/andrewskdr 2d ago

Those upcoming stock buybacks are going to be dirt cheap

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u/sum1sedate-me 2d ago

Oh yea. I bet they’re planning on layoffs as we speak to get some liquidity and then do stock buy backs. They never end up the butt of the joke, we do.

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u/gizamo 2d ago

Trump will probably throw money at the companies he deems loyal. They'll use that money for buy backs, too.

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u/Little_candy_cream 2d ago

Maybe they should have thought twice about aligning with him

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u/javoss88 2d ago

I still don’t understand how these “move fast and break stuff” supposed “innovators” all lined up for him. They’re already richer than rich, what’s to gain?

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u/Litarider 2d ago edited 2d ago

In case you haven’t noticed since the inauguration, Trump found someone to move fast and break stuff. Breaking stuff is the entire point of this administration. Break social security and the old people will work for whatever you give them. Break our poorly funded, skeletal social safety net and workers have to work for whatever crumbs you hand them. When you’re wealthy like they are, there’s always more wealth to be gained.

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u/javoss88 2d ago

Gah I hate this and you’re right

E: but at what point can they not just fuck off and relax on their mountains of gold and not try to actively fuck up everyone else’s lives

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u/Litarider 2d ago

I keep envisioning Scrooge McDuck on his piles of gold.