Tech Industry and CEOs Curry Favor With Trump Ahead of His Inauguration

Published On Dec 14, 2024, 5:02 AM

A number of high-profile tech leaders and companies in Silicon Valley are establishing connections with President-elect Donald Trump by making significant donations to his inaugural committee. Notable figures include Sundar Pichai of Google, Tim Cook of Apple, and Jeff Bezos of Amazon, who are publicly engaging with Trump through donations and meetings. This marks a shift in how the tech industry interacts with political figures, signaling a desire to establish favorable relations as Trump prepares to take office.

Stock Forecasts

Given the current shift in the relationship between leading tech companies and the incoming Trump administration, companies like Amazon and Meta may see a potential increase in business opportunities and favorable regulatory conditions moving forward. This could positively affect their stock prices in the near term as investors may react favorably to this newfound political alignment.

As tech giants align themselves with Trump's administration, potential for regulatory leniency and collaboration may arise. This has implications for companies like Meta, which could benefit from a more supportive political environment, potentially driving their stock value up.

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The move follows Meta’s donation of the same amount to the fund earlier this week.

It appears to be the latest attempt by the Meta boss to build a closer relationship with the incoming president.