March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
News Every Day |

Anyone can give Donald Trump $1 million. The pros do it in public.

Tech moguls are lining up to give Donald Trump money — and, crucially, to make sure everyone knows about it.
  • It's not new for rich people and big companies to donate to presidential inaugurations.
  • Something about watching tech titans like Mark Zuckerberg and Jeff Bezos do it seems different.
  • That's at least in part because it's so public — the money is less important than the message.

First, Mark Zuckerberg. Then, Jeff Bezos. Now, Sam Altman. They're all donating $1 million to Donald Trump's inauguration fund.

Expect more tech titans to follow. Google CEO Sundar Pichai was reportedly flying to Mar-a-Lago to meet with Trump this week. I wouldn't be shocked to see a $1 million pledge coming shortly after. (Google declined to comment about any of the above.)

You can see it playing out in real time. Zuckerberg's initial donation was news; each subsequent one just confirms it as the cost of doing business. At some point, the news will be when you hear that some tech giant is not forking over $1 million to help fund Trump's multiday party next month.

Quick context: It is not unusual for big companies and very rich people to donate lots of money to presidential inaugurations, whether via cash, in-kind contributions, or both.

While US elections themselves have (some) rules about the amount of money people and companies can spend on candidates, there's no cap on what they can spend on inaugural committees. The only restrictions are that the money can't come from foreign nationals and that the donations eventually have to be disclosed.

Which is why we can see it's also not unheard of for Big Tech companies to make inaugural donations. Microsoft kicked in $500,000 for Trump's first inauguration in 2017; Google spent $285,000. Those two companies also contributed to Joe Biden's 2021 inauguration, along with Uber, which spent $1 million.

It's also worth noting that the sums we are talking about here don't even qualify as rounding errors for companies this size. Zuckerberg's Meta makes about $174 million in profit every day. Amazon does about $110 million. A million bucks just doesn't register. (The Amazon and Meta donations are coming directly from the companies, not their founders; Altman, who has a reported net worth of $1.1 billion, has said he's making his donation personally.)

So what makes this round of donations newsworthy?

Yes, in some cases, Trump has tangled with the companies or the leaders in question — he famously threatened to jail Zuckerberg earlier this year for theoretical election interference, and he's long railed about Amazon's founder, Bezos, as well as the Bezos-owned Washington Post.

There's also the fact that while Trump and his allies continue to insist that they want to cut regulations, they also insist that they'll be cracking down on Big Tech. That context makes the donations seem even more transactional than other rich person/corporate donations.

But the main reason this is news is … because it's news. News that's out in public, that is.

In the past, these donations would eventually be disclosed in filings, but this time around, the contributors seem eager to let the world know they're doing it.

That's the telling part. The part that tells you that this time around, more tech leaders have decided that the best way to deal with Donald Trump is to say nice things about him in public, and to do nice things for him — in public. And then, they hope, they can get things from him privately.

That is, they are taking cues from Apple CEO Tim Cook, who navigated the first Trump presidency very effectively. As I've noted before: "Cook became an expert Trump manager during Trump 1.0 by letting the president do what he wanted in public, like take credit for things he didn't do, while prevailing on him privately to do things Cook wanted Trump to do — namely, exempting Apple products from tariffs." I'm assuming that will also include a $1 million donation from Apple that will get announced very shortly.

Read the original article on Business Insider
Москва

Собянин осмотрел мост от Шелепихинской набережной до Филевской поймы

Thursday 12 December 2024

Balika Vadhu actor Samridh Bawa mourns the loss of his father; shares an emotional tribute

College football Week 16 watchability rankings: This Army-Navy game really is must-watch

South Korea's tourism, soft power gains, at risk from extended political crisis

Ria.city






Read also

Tottenham vs Southampton: Head-to-head record in last ten matches

California announces billion dollar electric vehicle charger initiative

Affirm’s Lending Capacity Gets Boost From Sixth Street Investment

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Balika Vadhu actor Samridh Bawa mourns the loss of his father; shares an emotional tribute

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Balika Vadhu actor Samridh Bawa mourns the loss of his father; shares an emotional tribute



Sports today


Новости тенниса
Рафаэль Надаль

Надаль приедет на молодежный итоговый в Джидду



Спорт в России и мире
Москва

Косметолог Наталья Рябинова: «Пятеро моих учеников заняли призовые места на этом престижном турнире»



All sports news today





Sports in Russia today

Москва

Косметолог Наталья Рябинова: «Пятеро моих учеников заняли призовые места на этом престижном турнире»


Новости России

Game News

Path of Exile 2's genius theorycrafters have already put together some wild builds, so we've plucked out a few of our favorites that you need to try


Russian.city


Анастасия Волочкова

Ничего зазорного: сколько стоят танец с Волочковой и съемки в клипе Билана


Губернаторы России
Алексей Сёмин

S&P Global повысило рейтинги брокерских компаний Freedom Holding Corp.


Беспилотник с примотанной взрывчаткой нашли в поле в Новой Москве

«Динамо» расстаётся с канадским лидером. Где теперь окажется Эрик О’Делл?

Основные требования к частотному преобразователю

Интересные факты о «Джентльменах удачи»


Мастер-классы центра «Юрий Башмет – молодым дарованиям России» в этом году посетили более 500 северян

Представитель DJ Smash назвал необоснованным решение суда о запрете клипа Моргенштерна

Хиты Imagine Dragons прозвучат в Нижнем Новгороде

Певец Шуфутинский купил однушку в Москве для хранения наград


Новак Джокович заявился на турнир ATP-500 в Дохе

«Он моя главная опора». Соболенко получила награду WTA и благодарна своему бойфренду

Надаль приедет на молодежный итоговый в Джидду

Миллиардер дал совет Елене Рыбакиной



В Псковской области пройдут культурно-познавательные мероприятия в рамках проекта «Город мастеров»

Интересные факты о «Джентльменах удачи»

Большой киберспортивный турнир провели для сотрудников Правительства Москвы

В Москве завершился федеральный проект «Классика: история и современность»


Путин назвал Москву одним из лучших мегаполисов мира, привлекающим инвесторов

Аграриев поддержат сельской ипотекой

Создание Рилс. Создание Reels. Создание Рилсов для Певцов, Музыкантов, Артистов.

FSNN: Башар Асад приказывал охранять базы России в Сирии


Магнитная буря 14 декабря 2024 года: метеопатов предупредили о скачках давления в течение дня

В Псковской области пройдут культурно-познавательные мероприятия в рамках проекта «Город мастеров»

Призывники из Башкирии пополнили научные роты Минобороны России осенью 2024 года

Reuters рассказало о роли Лаврова в обеспечении безопасности Асаду: «Сделал все возможное»



Путин в России и мире






Персональные новости Russian.city
Мурат Насыров

Болезнь, случайность или тоска: загадка гибели Мурата Насырова



News Every Day

Kaun Banega Crorepati 16: Nana Patekar calls Madhuri Dixit ‘the perfect actress’ and recites Javed Akhtar’s timeless poem




Friends of Today24

Музыкальные новости

Персональные новости