Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
toot.wales is one of the many independent Mastodon servers you can use to participate in the fediverse.
We are the Mastodon social network for Wales and the Welsh, at home and abroad! Y rhwydwaith cymdeithasol annibynnol i Gymru, wedi'i bweru gan Mastodon!

Administered by:

Server stats:

720
active users

toot.wales: AboutStatusProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.3.7

Public
Randahl Fink

This map shows how US stocks have performed in 2025.

All the famous tech billionaires paid USD 1 million to be at Trump's inauguration, so what did they get out of it?

Tim Cook's Apple:
–24.77 %
Sundar Pichai's Google:
–22.42 %
Jeff Bezos' Amazon:
–22.06 %
Mark Zuckerberg's Meta:
–13.80 %

Source: finviz.com/map.ashx?t=sec_all&

Norm Tovey-Walsh

@randahl I think this misses a point. If I've got 10 billion and I lose 50% or 75%, I still have billions. Everyone else has also lost that much, but they're broke. I can now take my remaining couple of billion and buy everything at firesale prices. The billionaires are the *only* ones who will benefit from this. If they can hold onto their power, of course.

Apr 05, 2025, 09:56 AM·Public·Phanpy
28boosts·22favorites
Public
Stoneface Vimes

@ndw @randahl true of course. But billionaires really don't like losing money. They really hate it. And they might well kick back.

Public
rewarp

@ndw@toot.wales @randahl@mastodon.social That's right. The war is not won until the billionaires are as poor as us, or rich, but have met Guillotine sensei over there.

Public
Ulrik Nyman ⬡

@ndw @randahl You are thinking from inside the USA, right?

The rest of the world might come out positive from this.

Which will be good, for us.

Public
Ulrik Nyman ⬡

@ndw @randahl Apparently not.

You are in the UK.

I think this could be good for the rest of the world in the medium to long term.

In the short term it is definitely an economic downturn for all.

Public
firebreathingduck

@ndw @randahl

I have seen the argument that it's worse than that. Small, independent auto repair shops, restaurants, hardware stores, grocery stores, pharmacies, hair salons, and so forth will fold. Huge brands like Walmart, Amazon, Pep Boys, Lowes, CVS, SuperCuts, Pizza Hut, and McDonalds will expand to fill the gaps.

So the oligarchs own a bigger share of the stock market and also their stock holdings represent an even larger portion of the economy than they did in 2024.

ExploreLive feeds
About