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/[deleted] 1d ago

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

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u/Brigadier_Beavers 1d ago

yeppers. If both a rich man and poor man lose 50% of their wealth, its very different outcomes.

Rich: 500,000,000 / 2 = 250,000,000

Poor: 5,000 / 2 = 2,500

The rich man can still afford several life times of luxury for their family, buying new property(s), buying out companies that wont survive the crash, bucket loads of stocks, etc.

The poor man can maybe afford a month without income before they start having serious problems.