At a press conference at Mar-a-Lago on Monday, Donald Trump described recent visits from Tim Cook, chief executive officer of Apple, Sergey Brin, a co-founder of Google, and other tech barons. "In the first term, everyone was fighting me," he said. "In this term, everyone wants to be my friend." For once, he wasn't exaggerating.
Since Mr Trump won re-election—this time with the popular vote—many of the most influential people in America seem to have lost any will to stand up to him as he goes about transforming America into the sort of authoritarian oligarchy he admires. Call it the Great Capitulation.
Following January 6, Mark Zuckerberg, the Facebook co-founder, suspended Mr Trump's account. But last month at Mar-a-Lago, The Wall Street Journal reported, Mr. Zuckerberg stood, hand on heart, as "the club played a rendition of the national anthem sung by imprisoned" January 6 defendants. (It's not clear if Mr. Zuckerberg knew what he was listening to.) He's pledged a million-dollar donation to Mr. Trump's inauguration, as did the OpenAI CEO Sam Altman and Jeff Bezos' company Amazon, which will also stream the inauguration on its video platform.
After Time magazine declared Mr. Trump "Person of the Year," the publication's owner, the Salesforce CEO Marc Benioff, wrote on X, "This marks a time of great promise for our nation." The owner of The Los Angeles Times, the billionaire pharmaceutical and biomedical entrepreneur Patrick Soon-Shiong, killed an editorial criticizing Mr. Trump's cabinet picks and urging the Senate not to allow recess appointments.
This story is from the December 19, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 19, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
CRYING OVER SPILT MILK
From 6.62 in FY18, India’s milk production growth rate has fallen sharply to 3.78% in FY24
The art of leaving
Ravichandran Ashwin, the quintessential cricketing nerd who bamboozled batters through skill, guile, and acumen, stumped fans around the globe on Wednesday when he retired from international cricket with immediate effect at the end of the third Test of the Border-Gavaskar Trophy in Brisbane.
13 dead as Navy speedboat rams into ferry off Mumbai coast
Thirteen persons died and 99 others were rescued after a Navy craft crashed into a ferry off the Mumbai coast on Wednesday, the Navy said.
How senior living market is redefining retirement
With a growing population of India's well-to-do elderly choosing to live well and live free, businesses have spotted an opportunity. The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind
TRAVEL INSURANCE FOR HOLIDAYERS Sum insured should depend on destination, trip duration, and age
This holiday season, Indian travellers are likely to flock to short-haul destinations.
New coat of opportunity for Berger and Indigo
Analysts see potential in select paint stocks amid entry of big players
Aluminium seen as outlier among metals; Hindalco better placed
Most industrial metals are expected to stay bearish at least in early 2025. However, aluminium could be an exception.
₹ hits fresh low of 84.96 against $
The rupee has depreciated further to close at a fresh low of 84.96 against the US dollar on Wednesday as foreign banks purchased dollars on behalf of their clients ahead of the outcome of the US Federal Reserve meeting, said dealers.
FPI selling ahead of Fed meet drags market down for 3rd day
Overseas investors pull out ₹8,000 crore this week
Bourses see three blockbuster debuts
Mobikwik up 90%; Vishal Mega Mart, Sai Life gain 40%
