Donald J. Trump has just become the President-elect of the Unites States of America, and entrepreneurs in Silicon Valley are not thrilled. Many are now in panic mode, considering every single possibility related to a Trump presidency. Some are even advocating the secession of California from the rest of the Union. Based on the current state of the Dollar and the stock market, investors are not happy either.
Hillary Clinton got an overwhelming majority of votes in California, BBC reports, which indicated that the prospect of Trump becoming president was largely a ludicrous idea to the inhabitants of the state. Now, Californians are in a state of shock and none exhibit this reaction more than tech investors like Shervin Pishevar.
"I am announcing and funding a legitimate campaign for California to become its own nation,” Pishevar wrote.
This proposal was supported by other investors in the tech region as well, while others simply echoed the sentiment. In terms of actual practice, the plan is absolutely farfetched. Then again, Trump becoming president was once considered impossible, so who is to say that a New California won’t be a thing one day?
In any case, the fact remains that tech giants are worrying about their prospects under Trump. According to assistant professor Gregory Autry at USC’s Marshall School of Business, they are right to be worried. Speaking to Tech Crunch, Autry noted that while the manufacturing sector might thrive under Trump, the tech industry will fare less so.
“As tech is oftentimes defined, you’re talking about Silicon Valley,” Autry explains. “Trump is definitely a problem for that model. His economic policies are focused on punishing China for its trade abuses and returning manufacturing to the U.S.”
Another reason why a Trump presidency spells disaster for Silicon Valley is the fact that he has expressed no concrete policy with regards to advancing the technology sector, Forbes notes. Clinton did, which is why she was favored to win by California voters. Now, the tech bubble is threatening to burst in the face of such overwhelming uncertainty.


NASA, Boeing Discuss Expanding Starliner Missions
Meta Connect Spotlights Camera-Free Smart Glasses Amid Privacy Concerns
Trump to Press Xi on Release of US Nuclear Expert Held in China
Apple Pay Set for India Launch With Axis Bank
France Urges Faster AI Push Despite Safety Risks
Zelenskiy Warns Russia Preparing Major Attack on Ukraine
Microsoft Stock Upgraded as Stifel Sees Stronger Azure Growth
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts
OpenAI Agent Breaches Australia Medicare Data Portal
SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment
Iran Vows ‘Crushing’ Response as US Talks Continue
Sudan Rejects US Legitimacy Remarks, Defends Sovereignty
BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates
Trump Board of Peace Unveils $2.45 Billion Gaza Recovery Plan
China Tightens Fentanyl Rules Ahead of Trump-Xi Summit
Tencent Launches TenPayGo Payment App for Foreign Tourists in China
OpenAI Urges US-Led Global Standards for Frontier AI




