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/linkfan66 1d ago

Musk lost $21B in 48 hours, I don't see how he's able to recoup it easier than just simply having his stock go up?

Also, stocks aren't going back up for a long fucking time, hard to buy the dip if 'the dip' caused a 30% drop in your net worth.

This conspiracy doesn't make sensenwith the fact that all these CEO's have 80% of their worth tied to a single stock, and that there's nothing to gain by deliberately crashing your stock.

There's a reason why Musk was literally crying over his stock plummeting lol. You can't seriously convince me Elon is loving this drop right now.

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u/GiantPurplePen15 1d ago

He sold his inflated $44 billion Twitter stocks to... himself and basically dumped all the losses in his new crypto start up or somethin.

Looks highly illegal and its being investigated but at the end of the day, whose going to enforce any sentences on him?

He's also getting contracts worth hundreds of millions for selling Cybertrucks to the US military too so he's not really losing much at all. Let's not forget SpaceX too. He's milking everything he can from the US.

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u/linkfan66 1d ago

He could do everything you outlined above while also not losing $1B per hour from a market crash.

None of what you said proves in any way that this market crash is some sort of 4D chess move by the billionaires.

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u/GiantPurplePen15 1d ago edited 1d ago

How many of his companies have inflated value that were bound to lose billions though? The thing I've been wondering is how much of his losses were predicted and whether he's trading those losses for longer term contracts that allow him to continue to interfere with the American government.