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/Jester2k5 2d ago

More money. It’s never enough for them

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u/kerouac666 2d ago

I'm an alcoholic in recovery and I keep explaining to people that these people are literally addicted to money. In the same way that a crack head will do anything for more crack even if they already had a pile of crack, they will do anything for more money.

And in that same way, they will never stop, especially as addiction to money is a socially encouraged, self-reinforcing addiction. No one says a crack head is a genius who people should trust because they're an addict, but they do say that about CEOs.

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u/ABHOR_pod 1d ago

I worked with a guy who wasn't a literal crackhead, but definitely had crack head behavior. Betray his own brother over some petty shit and sell his stolen PS4 to buy booze type shit.

I got along great with him. He was my closest work friend for a while.

Never invited him over to hang out because I didn't want him knowing I had a PS4 and a big screen TV and a gaming PC.