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/ReallyNowFellas 1d ago edited 1d ago

It isn’t planned out.

Yes it absolutely is. Warren Buffet pulled out of the stock market last year and everyone knew why. Every single rich person and corporation in America makes explicit plans for not if but when market downturns happen. Yes some inevitably lose, but that just means they got outmaneuvered or swept away by forces greater than themselves. Not planning to win would be planning to lose, and no one does that.

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u/FaultElectrical4075 1d ago

Brother I pulled out of the stock market last year. That doesn’t mean I planned this out

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u/ReallyNowFellas 1d ago

I think if you investigate your own motives for pulling out of the market last year you'll find a contradiction between your actions and your words here.