How Trump’s triumph will turbocharge America’s Left-leaning tech giants
1 month, 1 week ago

How Trump’s triumph will turbocharge America’s Left-leaning tech giants

The Telegraph  

The hope of an antitrust shake-up under Trump was one of the reasons for US technology stocks ticking higher following his victory on Wednesday, as bosses predict the government’s regulatory stance will soften during his administration. Andreessen said the treatment of the cryptocurrency industry by the Biden White House had been “intolerable”, while Horowitz said the US under Biden was on track to become the next Argentina. Musk, who runs SpaceX, Tesla and the social media site X, has hailed a Trump White House as “an opportunity to do once-in-a-lifetime deregulation”. Max von Thun, of the anti-monopoly group the Open Markets Institute, expects Trump’s White House will take a “selective and at times incoherent approach” to big tech. Corporations seen as “woke or liberal” could draw unwanted scrutiny, he adds, although Trump’s protectionist instincts may promote “national champions” amid the threat of China.

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