Meta’s Mark Zuckerberg,Oracle’s Safra Catz and banker Jamie Dimon cashed out billions of dollars before Trump’s tariff announcements roiled markets.
The billionaire owner of Meta said in federal court that his company’s social networks weren’t just about friends.
There were many winners in the market frenzy that followed Donald Trump’s about-face,including the US president himself,but his capitulation revealed who is really in charge.
The world’s 500 richest people suffered the biggest two-day loss ever in the fallout from US President Donald Trump’s tariff announcements.
The social media giant has been growing increasingly intolerant of employee critics and leakers. But its attempts to stop the latest whistleblower are not working.
The companies have blamed Australia for “coercing” them into sacrificing their revenue to schemes such as the News Media Bargaining Incentive.
It’s hard to know whether the Facebook boss’s symbolic ways of currying favour with China are more remarkable than Meta’s apparent plan to let the Communist Party snoop on users outside the country.
I realise I’m not a billionaire thought leader,but these are hard times,even if your new BFF is in the Oval Office.
As Donald Trump took the oath of office on January 20,he was flanked by the likes of Elon Musk,Jeff Bezos and Mark Zuckerberg. They had never been richer. How things have changed.
Thirty years ago,Bill Gates created the model for the in-your-face technology mogul that shook up the world. Today,he looks on bemused as Musk,Zuckerberg and co. wield their power.