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1
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· Posted on
November 8, 2024

Big Tech makes a big pivot post Trump election win - quickly deleting old tweets

Following Trump's election win, big tech CEOs all took to social media to congratulate Donald Trump.

What's the key learning?

  • During Trump’s first term, several tech leaders stood up to him — they quit tech advisory councils while others challenged him on some of his policies.
  • These big tech CEOs are now trying to win Trump's good side, all except Musk who went ahead and got early in the game by giving his full support to the now-President of the USA.
  • Now Musky is reaping its benefits with Tesla's share price up 14% after the election.

👉 Background: In the lead up to the US election, many of the largest companies chose to take a side…and many also chose to stay completely out of it for fear of the repercussions of backing the wrong horse.

👉 What happened: Following Trump's election win, Amazon founder Jeff Bezos, Meta's Mark Zuckerberg and Apple's Tim Cook all took to social media to congratulate Donald Trump. And it’s fair to say the reactions of America's top tech leaders give us a glimpse at how CEOs are pivoting their strategy to appeal to Trump.

👉 What else: Trump has reportedly been making notes of CEOs and corporations that have wronged him or backed his rivals, aka his squash list. And so, business leaders who are wary of retribution have been reaching out and playing nice.

What's the key learning?

💡With a Donald Trump victory, the US tech scene is about to be divided into winners and losers. During his first time, publicly opposing Trump and his policies came at a price.

💡 Amazon argued in court that it lost out on a $10 billion government lawsuit because of Mr. Trump’s “personal vendetta” against Jeff Bezos.

💡On the flip side, Elon Musk, who spent hundreds of millions supporting Trump’s campaign saw his personal wealth jumped $20 billion USD after the election win as he is expected to join Trump's government... in some capacity.

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