Executives from some of America’s biggest companies sold off billions of dollars in shares right before Trump’s tariff announcement hit the markets. The trades happened during the first quarter of 2025, as tension built around the White House’s next economic move.

According to Bloomberg, names like Mark Zuckerberg, Safra Catz, and Jamie Dimon all dumped massive blocks of stock while prices were still high. By the time Trump rolled out new tariffs on April 2, tech stocks had already started bleeding. Every one of those early sellers dodged a bullet, and the timing is loud as hell.

Executives sold billions as Trump’s tariffs loomed

The first quarter wasn’t quiet. Trump’s team hinted at sweeping tariffs leading up to April 2, a day he branded as “Liberation Day.” That threat shook investors. By the time the announcement dropped, billions had already been erased from global markets. The tech world felt it the hardest. Elon Musk reportedly lost $129 billion this year as stocks tied to phones, chips, and software kept slipping. A few billionaires are already buying the dip, but plenty have already made their exit.

  • jaybone@lemmy.zipEnglish
    5·
    3 days ago

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