Meta could take a $7 billion hit this year because of Trump's tough China tariffs
Meta could take a $7 billion hit this year because of Trump's tough China tariffs
Meta's core online advertising business could take a $7 billion hit this year due to China tariffs impacting retailers in the country.
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Don’t you hate it when you donate a million to bribe an incoming president and then lose billions?
Any billionaire would take this deal. The hit is in imaginary money (i.e. stock/corporate assets) that won't affect their daily lives and in return they get unspecified favors from the (other) oligarchs.
This isn't real money they lose.
What? They sold a ton of assets before the drop because Trump told them it was incoming.
And they'll buy them at the dip. Sell high. Buy low.
That's why they bribed him, and they're getting crazy rich from it.