this post was submitted on 26 Mar 2025

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769

Tech leaders are turning on Trump and Musk: 'Everyone is annoyed' (www.businessinsider.com)

submitted 1 week ago by MicroWave@lemmy.world to c/news@lemmy.world

137 comments fedilink hide all child comments

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.

(page 2) 50 comments

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[–] tal@lemmy.today 13 points 1 week ago* (last edited 1 week 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]

[–] Gumbyyy@lemmy.world 13 points 1 week ago (1 children)

If only there had been any warning signs in advance!

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[–] Brotha_Jaufrey@lemmy.world 12 points 1 week ago (1 children)

You’d think the rich would be good at reading people but it seems the exact opposite is true.

[–] P1k1e@lemmy.world 12 points 1 week ago

Oh no, they just don't trust anyone who doesn't think like them. They count on being able to read other folks for being bastards but empathetic people are unpredictable in that they don't always choose what's beneficial. Hell sometimes they literally inconvenience themselves! Why would they do that? It makes no sense!? How can they dominate the markets if they're just....giving shit away for free?

[–] tacobellhop@midwest.social 11 points 1 week ago

Oh look the capitalists are learning again that funding a fascist only gets you so far and once they’re actually in they don’t need you anymore.

This is a fact of nature at this point.

[–] infinitesunrise@slrpnk.net 9 points 1 week ago

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

[–] johncandy1812@lemmy.ca 8 points 1 week ago

So do something then, other than just complaining about it.

[–] YiddishMcSquidish@lemmy.today 8 points 1 week ago

Funny how it only bothers them when their wallet is affected....

[–] socsa@piefed.social 8 points 1 week ago

Crypto bros are just upset that Trump has brought his toxic brand to their grift.

[–] ImADifferentBird@lemmy.blahaj.zone 7 points 1 week ago

Play stupid games, win stupid prizes.

It's just too bad that they "won" this shit for all of us.

[–] skozzii@lemmy.ca 6 points 1 week 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.

[–] Ledericas@lemm.ee 6 points 1 week ago (1 children)

probably not delivering on his promises, giving them unfettered access with AI.

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[–] jaybone@lemmy.world 5 points 1 week ago (1 children)

Good. When will he FINALLY piss enough people off? What will it take?

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