America's Big Tech companies may be better off going with the flow of the incoming administration of Donald Trump rather than provoking his displeasure. Reuters
America's Big Tech companies may be better off going with the flow of the incoming administration of Donald Trump rather than provoking his displeasure. Reuters
America's Big Tech companies may be better off going with the flow of the incoming administration of Donald Trump rather than provoking his displeasure. Reuters
America's Big Tech companies may be better off going with the flow of the incoming administration of Donald Trump rather than provoking his displeasure. Reuters

The Big Tech leaders who changed their position on Trump 2.0 and why they did it


Alvin R Cabral
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The Big Tech bosses, many of whom were previously at odds with US president-elect Donald Trump, are now lining up to extend an olive branch as the former president prepares to return to the White House.

However, the dynamics have changed: with a second Trump term set to begin in January, technology companies are eager to curry favour or secure support on various issues, as Mr Trump's 'America First' agenda is poised to make a strong comeback.

While striving to stay on Mr Trump's good side, the tech moguls appear to believe that cozying up to him may be the best move for their businesses.

Mark Zuckerberg: Mending fences

Once upon a time, Mark Zuckerberg's Facebook and Mr Trump were at odds, with the then-president even branding the world's biggest social media platform as “anti-Trump” in 2017. The tension peaked in January 2021, when Meta banned Mr Trump's Facebook and Instagram following the US Capitol riots. However, the accounts were eventually reinstated last year.

Fast forward to today, Mr Zuckerberg dined with the president-elect at Mar-a-Lago this week signaling an effort to mend fences. As a further gesture of co-operation, Facebook parent company, Meta Platforms, confirmed on Wednesday that it had donated $1 million to Mr Trump's inauguration fund.

Mr Zuckerberg and his company previously donated to Democratic presidential campaigns in 2020 and 2024, according to data from the Centre for Responsive Politics and Quiver Quantitative, respectively.

Mr Zuckerburg may also be keen to avoid the wrath of Mr Trump, who, during the 2024 campaign cycle, threatened to take action against the company if the platform were used against him. However, there is no evidence to suggest that this happened.

Jeff Bezos: A 'calmer' sense

Jeff Bezos, the founder of Amazon, the world's largest e-commerce platform, is also expected to visit Mr Trump, after the company reportedly planned to make a $1 million donation to the next president's inauguration, in addition to an in-kind donation by streaming the event on Amazon Video.

This follows several years of back-and-forth criticism between the two men. Mr Bezos once described Mr Trump as a threat to democracy, while Mr Trump accused Amazon of destroying small businesses and avoiding taxes.

The turning point came in October when it was reported that Mr Bezos blocked a piece in The Washington Post, which he owns, that endorsed Kamala Harris over Mr Trump. Following this, the Post said it would not make any endorsements in this year's election, breaking a decades-old tradition and drawing the ire of its employees and readers. Mr Bezos defended his decision, saying that endorsements create a “perception of bias”. The Post endorsed Mr Trump's opponents in the 2016 and 2020 elections.

Now, Mr Bezos is openly praising Mr Trump, describing him as “calmer” and “probably grown over the last eight years”, while being “actually very optimistic” on the new Trump term, he told a New York Times summit earlier this month.

Sam Altman: May AI help you?

Compared to the other tech veterans, OpenAI boss Sam Altman is the new kid on the block here, but he wasted no time in criticising then throwing his support for Mr Trump.

In 2016, Mr Altman said Mr Trump is an “unacceptable threat to America … [and] national security” and is “unfit to be president”. However, this week he said “President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead”.

This makes complete sense as Mr Trump is expected to be friendlier to the latest technologies, one of them being artificial intelligence, the innovation that OpenAI thrust into the spotlight with generative AI. Mr Altman plans to make a personal donation of $1 million to Mr Trump's inauguration.

One interesting dynamic here is that Mr Altman is in a legal tussle with Elon Musk, the world's wealthiest man and Mr. Trump's biggest political backer, who is trying to stop OpenAI from becoming a for-profit company. Mr Musk, an early backer of OpenAI, began his legal battle with OpenAI earlier this year; Mr Altman immediately fired back, saying Mr Musk regretted leaving the company.

Mr Musk has been appointed as head of the newly formed Department of Government Efficiency. Mr Altman had said that he is not worried about Mr Musk's influence in the Trump administration.

Sundar Pichai: Trying to catch a break

Another tech company with which Mr Trump has had a contentious relationship is Google and its parent company, Alphabet. Probably the most notable incident between them occurred when Mr Trump accused the tech giant of rigging search results to hide positive news about him.

Under Joe Biden's administration, however, Google has faced several antitrust lawsuits, targeting its search engine monopoly and advertising practices.

Mr Pichai was reported to have met Mr Trump this week. They have also spoken over the phone, but Mr Trump claimed this had nothing to do with the antitrust cases Alphabet is facing from the US government. Mr Trump told Bloomberg in October that he would “do something” about Google if elected, when asked if he would break it up.

There have been no reported plans by Google to donate at Mr Trump's inauguration, though the company did give $285,000 to Mr Biden's inauguration in 2021. Google has not commented on Mr Pichai's meeting with Mr Trump.

Tim Cook: Maintaining the peace

Unlike most other tech executives, Apple chief executive Tim Cook managed to maintain a steady relationship with Mr Trump. This even became a meme when Mr Trump mistakenly referred to him as “Tim Apple” in 2019, prompting Mr Cook to humorously change his Twitter profile name to match.

Mr Cook visited Mr Trump at Mar-a-Lago on Friday, the latest to extend the Big Tech reach to the incoming president. Even before that, the pair had been in contact, with Mr Cook among the first to congratulate Mr Trump on his victory in the November 5 polls.

During their discussions, Mr Cook reportedly raised concerns about Apple’s long-standing disputes with the EU, including a $14 billion tax repayment order to Ireland in September and a $2 billion fine in November for alleged violations of the Digital Markets Act.

Mr Trump is said to have reassured Mr Cook saying “that won't happen”, signalling his support for American companies.

match info

Union Berlin 0

Bayern Munich 1 (Lewandowski 40' pen, Pavard 80')

Man of the Match: Benjamin Pavard (Bayern Munich)

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

UAE currency: the story behind the money in your pockets
Test series fixtures

(All matches start at 2pm UAE)

1st Test Lord's, London from Thursday to Monday

2nd Test Nottingham from July 14-18

3rd Test The Oval, London from July 27-31

4th Test Manchester from August 4-8

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)

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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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COMPANY PROFILE

Company name: Happy Tenant

Started: January 2019

Co-founders: Joe Moufarrej and Umar Rana

Based: Dubai

Sector: Technology, real-estate

Initial investment: Dh2.5 million

Investors: Self-funded

Total customers: 4,000

UAE currency: the story behind the money in your pockets
RESULTS

Manchester United 2

Anthony Martial 30'

Scott McTominay 90 6' 

Manchester City 0

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

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Engine: 6.2-litre supercharged V8

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Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

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Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

'Ghostbusters: From Beyond'

Director: Jason Reitman

Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace

Rating: 2/5

The years Ramadan fell in May

1987

1954

1921

1888

Updated: December 15, 2024, 10:45 AM`