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.
It's kind of ironic that Facebook paid to avoid "regulators and fines" and got biggest "fine" in their history instead.
Don't get fooled by the oligarch-owned media. The wealthiest individuals will benefit the most.
Fascism is a fusion of corporation and state (e.g. state-capitalism, like China). The next few years will likely see the largest transfer of wealth in history, and the S&P 500 will consolidate from an ownership of 200 separate conglomerates to 20-50 (example only. not real figures).
You're not wrong, but the loses are also real. While they will personally come out ahead in the end that's what capitalism is designed to do, the company workforce will shirnk as a result.
It's a pretty high gamble here, one that risk-adverse corpos normally don't take. I don't understand why they are going along with it.
