Zuckerberg meets White House officials, backs Trump’s push for US tech dominance

Source Cryptopolitan

Meta CEO Mark Zuckerberg visited the White House on Thursday to discuss Meta’s role in helping the Trump administration with America’s international tech leadership. In an X post company spokesman, Andy Stone said:

Mark Zuckerberg was at the White House today to discuss how Meta can help the administration defend and advance American tech leadership abroad.

Andy Stone

The meeting comes just weeks after Zuckerberg attended Trump’s inauguration at the Capitol and appeared to get closer to the president’s circle.

Zuckerberg aligns Meta with the Trump administration 

Facebook co-founder Mark Zuckerberg has repeatedly expressed optimism in recent weeks that President Donald Trump will push US tech dominance by aiding companies in outpacing global competitors and shielding them from regulatory challenges.

During Meta’s January earnings call, Zuckerberg described 2024 as “a big year for redefining our relationship with governments.”

He expressed optimism, saying the current US administration takes pride in leading companies, prioritizes American technological success, and will defend its values and interests abroad. He conveyed confidence that this shift would drive significant progress and innovation.

The remarks followed a month during which Zuckerberg implemented several high-profile changes to align Meta more closely with the Trump administration.

Zuckerberg appointed Joel Kaplan, a longtime Republican strategist, as Meta’s chief global affairs officer, bringing Trump ally Dana White, CEO of the Ultimate Fighting Championship, onto the company’s board of directors. 

He also ended US.-based fact-checking on Meta’s social networks and revised the company’s hateful conduct policy to permit “insulting language” targeting immigrants and transgender individuals. Additionally, Zuckerberg visited Trump at Mar-a-Lago in Florida, scaled back diversity, equity, and inclusion initiatives, and reassigned Meta’s civil rights team members to other areas within the company.

In a January 10 interview with podcaster Joe Rogan, Zuckerberg urged the US. government to assist in securing victory in the rapidly evolving artificial intelligence race.

He pointed out that while it’s easy for the government to assume the US will always lead in these areas, the competition is very close, and he emphasized the need for government support to help drive progress and achieve these goals.

Zuckerberg courts Trump to shield Meta from legal and policy challenges

Zuckerberg and Trump had a rocky relationship in recent years, but the president has grown more favorable toward the tech leader in the months leading up to and following his reelection.

Some Democrats and critics have criticized Zuckerberg and other tech executives for courting the president in an effort to shield their companies from potential legal or policy challenges.

Late last month, Meta reached a $25 million settlement with Trump over a 2021 lawsuit regarding the suspension of his accounts following the January 6, 2021, Capitol insurrection.

Earlier that month, Meta dismantled its fact-checking program in a significant reversal. Meta once promoted the program, which was launched in 2016, as a key tool to combat misinformation and disinformation on its platforms.

Trump suggested the fact-checking changes were a response to him, telling reporters earlier this month that the decision was “probably” linked to his previous threats against Zuckerberg and the company.

Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hikeA Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.
Author  Irene Q.
Oct 22, Thu
A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.
placeholder
Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judgeAlphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
Author  Irene Q.
Oct 26, Mon
Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
placeholder
Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the riskAnthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
Author  Irene Q.
Oct 27, Tue
Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
placeholder
Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
Author  TradingKey
Oct 27, Tue
The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
placeholder
Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premiumDecember Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
Author  Irene Q.
18 hours ago
December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
goTop
quote