Tech C.E.O.s Spent Millions Courting Trump. It Has Yet to Pay Off. - The New York Times

Tech CEOs' Failed Investment in Trump

Major tech companies invested heavily in President Trump's second term, hoping for favorable policies. Their efforts included significant donations, lavish parties, and collaboration on projects. However, this strategy has yielded disappointing results.

Negative Impacts of Trump's Policies

Trump's policies have negatively impacted the tech industry. Key examples include:

• Tariffs: Imposed tariffs have increased costs for companies like Apple and Amazon.
• Funding Cuts: Federal funding for crucial research areas such as AI and quantum computing has been reduced.
• Regulatory Scrutiny: The administration continues to pursue aggressive regulatory actions, including a landmark antitrust trial against Meta.
• Immigration Concerns: The clampdown on immigration threatens the tech industry's access to skilled workers.

The combined market value of major tech companies has significantly decreased since the inauguration.

Shift in Approach

This approach contrasts sharply with the tech industry's stance during Trump's first term. The about-face in strategy shows an attempt to cultivate a more favorable relationship with the administration.