A new day is coming in Washington, D.C. with the change in Presidential administrations.
The business community is figuring out where they stand in this new landscape.
And Kevin O’Leary revealed one secret about Mark Zucker that he never wanted made public.
Mark Zuckerberg has to adapt to a new reality under Donald Trump
President-elect Donald Trump has had a hostile relationship with Big Tech since he first ran for President.
The leaders of some of the biggest companies in the tech industry have traveled to Mar-a-Lago to meet with Trump.
Meta CEO Mark Zuckerberg had dinner with Trump at his Florida estate in a sign that the times were changing.
Trump was banned from Facebook after January 6 and has taken shots at Zuckerberg over the years.
A spokesman for the President-elect said that Meta CEO wanted to help the incoming administration with its efforts for a “national renewal.”
Shark Tank star Kevin O’Leary revealed what was behind Zuckerberg’s meeting with Trump during an appearance on Fox Business.
“This is a phenomenal platform for Trump. Everybody knows he’s pro-business. But as far as those CEOs, there’s two things they care about,” O’Leary explained. “They know with certainty tax rates probably stay at 21%.”
Trump is expected to pass an extension of his landmark 2017 tax cuts next year that will keep the corporate tax rate at 21% or lower it.
“But the other thing is deregulation and freedom of speech on social media,” O’Leary continued. “So all of a sudden you want to suck up to Trump in a very big way because of two reasons. He’s got the power. He’s got the mandate, he’s got the reach. And no one’s going to touch him for two years.”
Trump was handed a mandate from voters and Republicans have control of Congress for at least the next two years.
Zuckerberg went to Mar-a-Lago to bend the knee to the President-elect.
Business leaders want to figure out which way the wind is blowing
O’Leary pointed out that Trump is going to be calling the shots in Washington, D.C.
“I don’t care if you’re running a country or you’re a CEO of an S&P 500 company, you’re sucking up and there’s a very important reason for it: power. [Political] majority mandate, there’s nothing like it,” O’Leary stated.
The Shark Tank star predicted that the Trump Presidency would be good for business.
“You got to talk to the chief and find out what he’s thinking. Because this is a relationship guy. Everybody knows that,” O’Leary said. “And I think this mandate’s going to be way better than the last one, a lot more stable and very good for business. I’m licking my own chops right now. These are good times.”
Business leaders are trying to get a read on Trump’s agenda for next year.
“They’re sure the existing 21% [corporate tax] platform is going to stick,” O’Leary explained. “That’s all they needed to hear. But the added bonus, the extra juice is the deregulation. That’s federal deregulation, particularly on energy independence. I mean, that’s fantastic.”
Donald Trump’s second term is off to a very different start than his first with Tech Titans seemingly eager to work with him.
Stay tuned to Unmuzzled News for any updates to this ongoing story.
