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.

  • @[email protected]
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    1816 days ago

    Annoyed? ANNOYED? OH POOR BABIES.

    Must be nice to be “annoyed” by what is going on right now.

  • @[email protected]
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    2317 days ago

    Oh please. They love it. They are drooling at the idea of ushering in violence and fascism. They’ve been preparing for the last decade.

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      17 days ago

      This is my take. Once their bottom line starts fluctuating, they’ll simply find a new loophole to exploit so money keeps flowing, while slightly adjusting their fleet of yachts to a safer distance.

      There’s no allegiance to anything. US is just the most convenient place to generate wealth right now.

    • @[email protected]
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      17 days ago

      Maybe, maybe not. This has turned out differently before. Here’s a tidbit from Homage to Catalonia (emphasis added):

      But there were several points that escaped general notice. To begin with, Franco was not strictly comparable with Hitler or Mussolini. His rising was a military mutiny backed up by the aristocracy and the Church, and in the main, especially at the beginning, it was an attempt not so much to impose Fascism as to restore feudalism.This meant that Franco had against him not only the working class but also various sections of the liberal bourgeoisie—the very people who are the supporters of Fascism when it appears in a more modern form.

      It’ll come down on if they like authoritarian control better than they like money. They’re getting burned on the money part, and there’s no reason to think Trump’s policies will make it any better in the long run.

      But don’t count on them either way. They’ll still enact policies that are good for billionaires, not us.

      • @[email protected]
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        317 days ago

        They all attend the same parties and go to all the same social gatherings. That is pretty much all you need to know.

      • @[email protected]
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        717 days ago

        People only like authoritarian when they get to be the authority. So these folks that are getting financially screwed also have no reason to believe they would get power in exchange.

        It’s basically seeming like a bum deal all around.

  • @[email protected]
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    816 days ago

    Capital controls the government. Unless white house policy actually changes, this is a load of hopium.

  • @[email protected]
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    7316 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.

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    17 days ago

    Steve Witkoff, for instance, a longtime Trump associate who was appointed as the United States special envoy to the Middle East, has been cashing in on his proximity to Trump to secure private deals, this person says. Witkoff’s son, Zach Witkoff, is the cofounder of World Liberty Financial, the crypto banking platform that launched Trump’s memecoin. Early in March, Steve Witkoff sent cryptocurrency advocates to the Middle East to promote World Liberty Financial’s latest stablecoin project, The Wall Street Journal reported. “Steve Witkoff is calling every sovereign government and saying, ‘You need to support this coin if you want to be in good standing with Trump,’” the person says. Witkoff did not respond to multiple requests for comment.

    That doesn’t seem like a great office to have a holder who is soliciting bribes from foreign countries to affect national policy.

    https://en.wikipedia.org/wiki/Steve_Witkoff

    In November 2024, then President-elect Donald Trump announced that he would appoint Witkoff to be the United States Special Envoy to the Middle East…In addition to his Middle East portfolio, he also became Trump’s personal de facto envoy to Russian President Vladimir Putin.[5]

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    3217 days ago

    Several Silicon Valley executives I spoke to — some of whom requested anonymity for fear of retribution — echoed this sense of disappointment, in particular at the havoc the Department of Government Efficiency has wreaked throughout the federal government. “We were all on board for a more business-friendly presidency, but in the end, the whole industry of crypto and AI got rug pulled,” says the partner of a top-tier venture firm directly involved in the Trump administration. “The people surrounding Trump are all scamsters. They are getting rich off our votes, our dollars, and our time.”

    Well, there was an unforseeable outcome. Trump was so known for keeping salubrious company in the past.

    • @[email protected]
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      717 days ago

      “We were all on board for a more business-friendly presidency

      “More business-friendly presidency” is WILD.

      Nearly every presidency of the last century has been pro-business, anti-worker. Federal protections for workers are nearly non-existent. Federal minimum wage is a joke. Wealth inequality is hitting all-time records.

      Oligarch ghouls are so high in their ivory tower they have now clue how ordinary families on the ground are struggling.

      • @[email protected]
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        1616 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.

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    2616 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.

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      2516 days ago

      Palantir is pretty spot-on. It spies on everyone, is a tool of evil, and once used you never know who’s watching and influencing you.

  • @[email protected]
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    8517 days ago

    Cool, so now the tech bros will stand up to them in the house and file articles of…. Oh wait, they don’t actually have any power in the government and will be able to do nothing to get the orange fascist and his South African goblin out of the place where they are doing IRREPARABLE harm.

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      2117 days ago

      If they’ll counter Musk’s primarying political opposition and stooges, you may see congressmen grow a spine.

      • @[email protected]
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        917 days ago

        Not really, either way the Broligarchs own the government. We might make them buy slightly less shitty politicians, but that doesn’t count for much.

      • @[email protected]
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        16 days ago

        we will agree with them, when they start funding opposition to all GOP,a nd stop thier donations to them. if they think they can virtue signal and double-dip by funding both sides, they arnt really ready for a change.

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      17 days ago

      My slim hope is that they start funding the opposition and current legislators to oust them. Things change radically when money is on the line.

      Sucks i have to pray to oligarchs but I don’t have any other short term option

      Edit: Fuck this mentality I need to find a better path.

  • @[email protected]
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    1616 days ago

    I wonder how many of them voted for qon assholes like donvict for the tax cuts and to combat “DEI” at least a little bit (or at least dunk on the 13 trans people in college sports nationwide or whatever the fuck) but they didn’t want the monkey-flinging-shit level of batshit insanity that donvict has been doing…

  • @[email protected]
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    2617 days ago

    “Even our most soulless plutocrats are wondering if the EU replacing all its US based services might be a result of current leadership.”

    • @[email protected]
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      16 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!