Heard on the Street: Why Big Tech's Trump Bump Is Skipping Apple, Meta -- WSJ
Options Market Statistics: Tesla Stock Rallies on Trump Victory; Options Pop
From Bezos to Zuckerberg, technology giants in the usa are competing to congratulate Trump on his election.
After Trump defeated Harris to win the USA presidential election, leaders of major technology companies in usa rushed to congratulate. These CEOs expressed their hopes for Trump's success upon his return to the White House, and look forward to collaborating with his administration. Amazon's founder and executive director Jeff Bezos celebrated Trump's victory on X, calling it "an extraordinary political comeback and a decisive victory." Bezos and Trump have not had a very good relationship, often being a target during Trump's first term. Trump has repeatedly targeted Bezos on his ownership of the newspapers under him, Amazon's tax records, and its relationship with the USA.
Trump's Victory Boosts Billionaires' Wealth. Musk and Bezos Are Winners, Too. -- Barrons.com
One of the big winners of the AI boom, Arm (ARM.US), saw a sharp 23% increase in royalties, but performance expectations did not bring any surprises.
Overall chip demand may be dampened by smart phone, Arm predicts lukewarm, with the middle of the sales outlook range lower than expected; after announcing performance, the company's stock price fell in after-hours trading.
Australia is planning to legislate to prohibit children under 16 from using social media.
Australian Prime Minister Anthony Albanese said on Thursday that the government will legislate to prohibit people under the age of 16 from using social media, even users who have parental consent cannot be exempted. Albanese said at a press conference: "Social media is harming our children, and I want to end this situation." He said: "Social media platforms have a responsibility to prove that they are taking reasonable measures to prevent access. The responsibility will not fall on parents or young people." He added that the legislation will be submitted to parliament this year and will take effect 12 months after parliamentary approval. Australian Communications Minister Michelle Rowland (
