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/[deleted] 2d 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/Mysterious-Job-469 2d 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.

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u/Independent-Cow-4070 2d ago

And the 08 recession, and the Great Depression

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u/Fit-Engineer8778 2d ago

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

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u/technobicheiro 2d ago

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

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u/rfandomization 2d 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

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u/technobicheiro 2d ago

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