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/WhatIsInnuendo 2d ago

I think what OP is trying to say is that they will benefit from this.
Due to the drop in stock valuation, people who bought shares will desperately sell their shares to recoup their losses. The companies can buy back those shares at a very cheap price gaining more control of their company and later when the value of the stock goes back up, offer to them them again to the public.
So what looks like a loss today will actually be billions in profit in the future.
By taking the market, it's the public shareholders that are suffering and the people who align with him will profit from it

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u/Top_Hair_8984 1d ago

🍊 loves chaos just for this reason. He says it out loud. Chaos brings opportunity for the rich to increase their wealth cheaply. .