Silicon Valley is built on big bets about the future. Now it must grapple with a big political bet gone wrong. A collective shock spread through the tech industry on the night of the U.S. election (early November) as founders, executives and investors realized that something they’d thought to be nearly impossible had happened: Donald Trump won the presidential election.
Source: CNN Technology
Date: January 1st, 2017
1) The CEO of Expedia, said in a tweet: “As tech leaders we have to admit that we are hugely disconnected with our nation.” How do you think tech CEOs became or are so disconnected?
2) The one notable exception to the tech stock decline was Twitter, which jumped 4% thanks to Trump’s love of the platform. “It’s all about how Twitter drove him to prominence, and fostered his image,” said Michael Pachter, an analyst with Wedbush, about the reason for Twitter’s sudden surge. How might other companies take advantage of Trump as President of the U.S.?
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