Tech giants face significant losses following Trump's return to the presidency amid renewed trade policies.
On January 20, 2025, a prominent photograph captured a significant moment during
Donald Trump's inauguration, featuring the founders and CEOs of some of the world's most influential companies, including
Mark Zuckerberg (Meta), Jeff Bezos (Amazon), Sundar Pichai (Google), and
Elon Musk (
Tesla), in attendance.
This marked the return of Trump, who has announced intentions to shape global commerce with his economic policies.
In the immediate aftermath of the inauguration, Wall Street experienced its steepest decline in five years, mirroring the turbulence seen at the outset of the
1COVID1-19 pandemic.
Trump's renewed trade policies have particularly targeted Asian markets, which house direct partners of major American corporations.
These market fluctuations have resulted in substantial financial losses for the companies represented in the landmark photograph, accumulating a staggering total of approximately $2.04 trillion in losses across
Tesla, Amazon, Meta, and Alphabet.
Mark Zuckerberg, CEO of Meta, previously known as
Facebook, saw the company achieve a year-on-year growth of 59.80%, valued at around $580.18 billion prior to the inauguration.
However, in the weeks following the event, Meta's share price has declined significantly, dropping by 17.60% since the inauguration date, equating to a current valuation of approximately $272.81 billion.
As reported, Zuckerberg's personal wealth has diminished by $18.6 billion this year alone.
Jeff Bezos, the founder and CEO of Amazon, stood beside Zuckerberg during the ceremony.
Despite past disagreements with Trump, Bezos contributed nearly $1 million to the inauguration and secured a deal for a documentary about Melania Trump.
Amazon had previously reported a growth of 45.45% in the year leading to Trump's return, valued at around $748.36 billion.
Following the inauguration, Amazon's capitalization has decreased by 22.87%, with its value at approximately $547.70 billion after closing down by 10.6% in the most recent trading session.
Sundar Pichai, CEO of Alphabet (Google), witnessed a 33.90% growth in the previous year, yielding a market value of about $604.87 billion before the inauguration.
In the wake of the new trade policies, Alphabet's value has decreased by 27.6%, amounting to approximately $615.47 billion, with a recent drop of 4.5% in stock prices.
Elon Musk, founder and CEO of
Tesla and SpaceX, has also experienced a tumultuous financial impact.
In the year prior to the inauguration, vehicle manufacturers, including
Tesla, saw a significant valuation increase of 101%, resulting in a peak of about $690.08 billion.
However,
Tesla has faced one of the most drastic value reductions among the tech titans, with losses approaching 44%, now valued at $602.66 billion.
Other major players, including Microsoft and Apple, have experienced declines as well.
Microsoft, which contributed substantially to the inauguration event, saw an increase in its valuation of 7.62% in the year leading to Trump’s return but has since witnessed a drop of 16.09%, currently standing at approximately $512.89 billion following a 2.6% decrease recently.
Apple, relying heavily on production in Asia, similarly faced significant challenges, recording an 18.09% depreciation since the inauguration and recently closing down by 12%.
NVIDIA, noted for its role in the recent Deepfake crisis, also encountered financial turbulence.
With a remarkable surge of 131.48% in the year preceding the inauguration, its valuation has now decreased by 31.49%, translating to approximately $1.05 trillion in lost value since Trump’s return.
Overall, since
Donald Trump's inauguration, the combined losses for the major technology firms referenced have exceeded $4.2 trillion, reflecting significant challenges in navigating the new economic and trade landscape.