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.
10 years ago Trump campaigned on tariffs.
9 years ago Trump implemented tariffs in his first term.
6 years ago the analysis was in: Trump tariffs screwed over America. Largest tax increase in decades, etc.
Months ago Trump said he was going to do it again.
In January Trump began the second tariff plague.
Maybe they didn’t need insider knowledge for this one.