Summary

Tech leaders who once backed Trump are fed up as his second term descends into chaos.

Venture capitalists and startup founders complain about erratic policies and feel burned by crypto bro schemes like $Trump coin, which tanked after launch.

Appointing David Sacks as “crypto czar” only fueled suspicions of cronyism, while proposed defense budget cuts leave companies like Anduril and Palantir reeling.

Even billionaire allies like Jeff Bezos are souring as tariffs and economic uncertainty hit their bottom line. “Everyone is annoyed,” says one disillusioned founder.

  • @qarbone@lemmy.world
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    752 days ago

    They’re mad because he’s ruining their income, we’re mad because he’s ruining the country; we are not the same.

    Fuck them.

    • @YiddishMcSquidish@lemmy.today
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      18
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      2 days ago

      Fuck this comment hits hard!

      With people like Peter thiel running this god damned industry, who also bankrolled trump, I feel no sympathy!

      Fuck em all! You got what you thought you wanted!

  • @anachronist@midwest.social
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    222 days ago

    They’re jangling their keys in front of the Democrats now to:

    • hedge their bets in case of Trump unpopularity and a midterm loss and
    • preclude any anti-corportist reform in that party after their blowout loss
  • @doctorschlotkin@lemm.ee
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    262 days ago

    All these unprincipled fucks naming their companies after things from LOTR belies their complete lack of understanding of Tolkien and his morality. He’d fucking hate them all.

    • @YiddishMcSquidish@lemmy.today
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      102 days ago

      Yup, they got what they supported. May not be what they wanted, but after seeing Jack royally fuck HBO, I’m convinced rich people are just stupid and born into wealth. I have witnessed not one single rich person earn fucking shit!

      • Schadrach
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        52 days ago

        I have witnessed not one single rich person earn fucking shit!

        I mean there are a handful that created some kind of creative work that became wildly popular and their wealth is ultimately derived primarily from that creation that you could argue earned it. Like Notch or JK Rowling.

          • Schadrach
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            22 days ago

            You grossly underestimate just how shitty people can be. Which is wild given what’s going on in gestures wildly.

          • Schadrach
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            32 days ago

            I mean there is a difference between “earned their money rather than being born into it” and “has all the correct politics”.

              • Schadrach
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                12 days ago

                Specifically to have that conversation - there is no connection whatsoever between “earned their money” and “has views I agree with” or even “has non-harmful views.” At least Notch doesn’t do worse than occasionally tweet what he thinks.

  • @mrsjmccrimmon@feddit.uk
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    2143 days ago

    “When tech people got involved in the government, they thought Trump was going to take more of a surgical approach and act less like a wrecking ball."

    What about his first term, insurrection and campaign and everything about and around him suggested it’d be anything other than a wrecking ball approach???

    • @fluxion@lemmy.world
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      1293 days ago

      Billionaires have done a lot these past few years toward outing themselves as being just as stupid as any other random dumbass.

      • @blarth@thelemmy.club
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        773 days ago

        They are. They just lack morals and empathy. They’re incapable of feeling shame for exploiting other humans.

          • manxu
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            133 days ago

            I think that’s the key. We attribute to them special qualities because we like to think in terms of cause and effect. But they all seem to have just been there at the right time with the right people and the right thing.

            They show us there is nothing special about them every time they try to do something new and miserably fail. Think the money Meta spent on VR, or the way Musk alienated users and advertisers on Twitter.

            We are basically beholden to lottery winners.

      • @Generic_Idiot@lemm.ee
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        33 days ago

        Yeah well I’m not saying it’s entirely luck, but luck is certainly a significant factor in becoming a billionaire.

        Right place, right time, right resources at said place and time etc.

        They’re not super geniuses better than anyone else, they just had a lot fall their way, and had the work ethic/psychopathic tendencies to capitalise on it.

        • In about 2018, I think, a team of researchers put together a mathematical model of how markets work. What they found is that wealth just naturally accumulates to a few people. It’s inherent to how markets work, and it’s more or less at random; in their simulation runs, every person started out in an equal position.

          It’s all luck. It doesn’t even take being in the right place at the right time, although that helps. Since us humans operate on narratives and just-world fallacies, it’s really easy for us to construct a post hoc story about why a certain billionaire succeeded. But it’s all luck.

          (I remember that I read about this research in Scientific American, but I don’t have the link handy.)

    • @jj4211@lemmy.world
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      133 days ago

      His first term was pretty milquetoast during his term, at least in the ways that these stakeholders cared about. Yeah, he mucked with some trade relationships but largely backed down except for China, and China is a thorn in their side too. The economy basically looked similar to most presidential terms for the last 30 years (except for George W Bush, who had very subpar economic results). Yeah he did some horrible stuff and some incompetent stuff, but economically, his term was just fine (except for 2020, which derailed everyone).

      The 2020 election, January 6th, and Trump’s continuing behavior in the wake of that, and the PJ2025 associates that swarmed around him should have been the sign that he was too dangerous to risk. However they could have still thought that Trump’s behavior was more of a show for riling up a base, and his second term would still give them a chance to have him shuffle off to a golf course while the big boys got what they wanted like usual.

      This term, there just are no winners, at least domestically, and lots of losers.

    • @CharlesDarwin@lemmy.world
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      123 days ago

      I had to laugh when I saw some dumbass posting some FB-level political magabrained copium about how gas prices are going down thanks to dumbass donvict.

      And the amount of comments underneath it, thanking donvict for doing great things for America. The amount of absolute DELUSION out there, as well as the people that proudly slap that delusion up there on…checks notes…a site for building your network for your career for employers, co-workers, and potential clients/customers to see is mind-boggling.

      I bet these same set of dumbasses will be all Pikachu-faced and talking about how they are being “censored” by Big Tech if they were to find out that people take a pass on hiring/doing business with a chucklefuck jagoff posting moronic political nonsense on a site for your career…they never seem to realize that free speech cuts both ways. They are free to express what idiots they are and others are free to disassociate with them because of it.

      • @nomy@lemmy.zip
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        173 days ago

        The spin I heard was that he started saying it and halfway through realized he was going to create a soundbite of him saying “shame on me” and instinctively knew it would be better to flub the line and “aww shucks” it than to give a soundbite of him shaming himself.

  • SeaJ
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    553 days ago

    It’s like they learned nothing from the first time he was president.

    • @Kbibble@lemm.ee
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      153 days ago

      They all banked the first time he was president. It’s all us regular people who got boned.

    • @YiddishMcSquidish@lemmy.today
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      22 days ago

      No, they learned plenty. Look up Peter thiel’s bullshit. They thought they could profit from dissolving our country. I’m fucking loving this personally. I hope they actually cancel social security. It will burn the entirety of the “Republican” party (using quotation marks because they are furthest thing from, like the “Democratic Republic of…”)

      Let it all burn. This country voted for acceleration, so it deserves it!

  • @skozzii@lemmy.ca
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    62 days ago

    They thought he was going to go full deregulation like the first term, but instead he went full Nazi, but that’s even disengenous, because the Nazi’s had a plan, this is just oppositional fascism without reason.