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Cake day: October 7th, 2024

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  • djsp@feddit.orgtoTechnology@lemmy.world*Permanently Deleted*
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    7 months ago

    I can’t even believe the trump admin is going after tech giants.

    I share the disbelief. I think it is mostly a power play against not just Google, but all tech giants, which must be watching this closely, given most of them operate in a similarly anticompetitive manner: kiss the ring or else. The Trump administration could give Google reprieve in exchange for axing DEI further and helping push their political agenda.

    I can’t imagine anything the admin does will be good for society so maybe its safe to assume they will be broken up so elon can buy a chunk?

    I think so too: if Google doesn’t satisfy Trump and his administration, parts of it will be forcibly sold as private equity, outside of shareholder scrutiny and beyond the reach of the SEC. Such a private company would be easier to control than a publicly traded one.








  • All that big talk about forcing countries to negotiate

    Trump indeed touts tariffs as international leverage, but they’re just as much if not more of a domestic power play that forces US businesses to kiss the ring in order to get exemptions. Businesses that pledge allegiance keep their supply chains and survive, whereas those that don’t satisfy the Mango get to pay tariffs and compete with exempted businesses in a weakening consumer market with decreasing purchasing power.






  • On the one hand, I share your doubt, which is justified in the face of all the deceit and mismanagement that Merz in particular and the CDU and CSU in general engage in and their disdain for the public good. On the other hand, the fact that the Sovereign Tech Fund / Agency survived the German budget crisis gives me some hope that it will at least stay.



  • This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.

    In my view, the damage is very real and businesses will keep suffering even if Trump winds down his tariff ambitions, because the uncertainty and unpredictability hinder investment decisions. For example, if you managed an aluminium business like Alcoa, would you put up the cash to set up new smelters in the US despite melting stock prices, high borrowing costs and the possibility that the tariffs shielding those US smelters from foreign producers are reduced or even scrapped altogether without warning? Many businesses are “damned if they do, damned if they don’t”.

    I’m sure there are smart plays in this market, but I’m also convinced that we’ve entered a bear phase.