That’s because big tech is anti-White Christian, and under Trump they no longer have the sway to increase their fortunes as they once did, so investors aren’t as keen on them anymore.
Excerpted From Fortune: Four days after the presidential election in November, Mark Zuckerberg wrote a lengthy note downplaying the role that fake news on Facebook had in the outcome. More difficult for him to dispute, though, is the recent downward trajectory of his fortune; since November 8, Zuckerberg’s net worth has decreased by nearly $3.7 billion.
That figure is based on a 7% decline in Facebook’s share price between Election Day and the end of normal trading at 4:00 P.M. EST on Friday. Despite the fall, Zuckerberg is still the planet’s fifth-richest person, according to FORBES’ real-time rankings of the world’s billionaires, worth an estimated $49 billion.
The recent drop in Facebook’s stock, of course, isn’t necessarily tied to the fake news controversy, or even the impending presidential transition. Shares have been trending down since hitting an all-time high in mid-October, and other tech giants, like Google and Amazon, have lately dipped as well.
Zuckerberg’s drop in wealth stands in stark contrast to many other American billionaires who have benefited from positive market returns since Donald Trump’s electoral triumph. In the weeks following his victory, America’s 14 richest individuals added a combined $9.4 billion to their net worths. Read the whole thing