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/a-base 2d ago

Much like the 2008 housing crisis in the US, these things tend to work out very well for billionaires - at a cost to the poor, lower- and middle- class.

  • Their losses are just theoretical, it's not like they have to cash out their stocks or sell assets and take any real loss.
  • Even with these 'losses' they are still billionaires and can access cash in numerous ways. They can quite comfortably ride out any period of instability.
  • More likely than riding it out, they'll use it to their advantage. With markets crashing they are perfectly positioned to swoop in, scoop up anything they like, and make out like bandits.

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u/anonymous_lighting 2d ago

i hear ya but to that same point do they really gain anything if their wealth increases by 10% after the fact? 

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u/roylennigan 2d ago

They aren't looking to increase their wealth directly, but rather increase their ownership of capital. If the market crashes, the value of everything drops, and you can buy up other companies, buildings, equipment, IP, etc. very cheaply.

This is pretty much the game plan for any wealthy individual or group during a downturn. Just look at Musk's net worth through covid.

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u/xixipinga 2d ago

explain please, if a billionarie has 100B and small business costs 10M, market crash and now the small business only values at 2M but the bilionarie meme stock money now only values at 5B, how is that beneficial to the elite meme stock over valued bilionarie class? they protect thei fake money and tech meme economy at all costs, they will never crash the eoconomy on purpose, real manufactoring business will be much less affected, the trump tech bros will be the one that disproportionate lose in this nonsesne, they are not smart, there is no master plan, they are very stupid and trump is screwing everybody

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u/mloofburrow 1d ago

Because they buy the 2 million dollar company for an 80% discount...

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u/xixipinga 1d ago

yes, but they would never risk losing 95% of their fake value meme stock company in order to do that, thats insane even for those people, they are in total panic, not knowing how to stop trump, they will suffer, sadly the american working people will also suffer, but hard working people tend to dust off and recover, while those parasites will hide in shame for the rest of their lives i hope

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u/mloofburrow 1d ago

First time?