CEOs of major tech companies, including Mark Zuckerberg, Jeff Bezos, Sundar Pichai, and Elon Musk, were prominently present at Donald Trump's inauguration, raising eyebrows and concerns about their influence on tech policy. Their large donations to Trump's campaign and presence at the event have fueled speculation about a 'tech oligarchy' and the potential for regulatory favors.
CEOs and billionaires such as Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Elon Musk were front and centre at the US Capitol as Donald Trump was inaugurated.There's no official ruling on the collective noun for a group of billionaires — "wad" and "grovel" are both top contenders on social media and internet message boards — but if ever we needed one, it was this week, in the wake of Donald Trump 's inauguration.
Another US TikTok outage isn’t off the cards. The only certainty is more upheaval, writes Ange Lavoipierre. Their contributions pale in comparison to that of Elon Musk, Trump's self described "first buddy" who spent in excess of $US100 million to aid his re-election.All that generosity inspired accusations from Elizabeth Warren and her fellow Senator Michael Bennet that tech leaders are making a corrupt effort to "influence and sway" the Trump White House on tech policy.
Whether their new-found enthusiasm for the Trump White House is a case of reluctant surrender, sincere endorsement, or a cynical grab for a seat in a nascent tech oligarchy, it appears to be paying off. The Biden Administration made a point of cracking down on tech companies, and nearly every one of those companies has faced lawsuits initiated by the Federal Trade Commision or the Justice Department, many of which are unresolved.
Mark Zuckerberg told Joe Rogan the US government had a role in defending the US tech industry rather than leading the regulatory attack against it.Mark Zuckerberg captured their ambition neatly in his interview with Joe Rogan, arguing that "the US government has a role in basically defending abroad", rather than leading the regulatory attack against it — a charge he levelled at the Biden Administration.
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