Giant Tech Owners Tighten Their Grip On Nation After Market Rally

Giant Tech Owners Tighten Their Grip On Nation After Market Rally

(ConservativeInsider.org) – While election week brought anxiety and uncertainty to most Americans, Big Tech billionaires enjoyed an enormous boost in their pocketbooks. Both the Nasdaq and S&P 500 had their largest post-election gains in history, leaving prominent CEOs all the richer.

On Wednesday, November 4, 167 US billionaires made $57.4 billion as investors bid up their stocks. Amazon founder Jeff Bezos gained $10.5 billion, much of which he will likely use to fund Blue Origin, his space exploration company. Other Big Tech advances are shown here:

Some people were very upset at the success of the companies, including Senator Bernie Sanders (D-VT):

As many Americans fight for jobs to keep their bills paid, massive tech and social media companies easily rake in enormous financial gains. But, because these companies also have a say over what their users see every day, this jump in stocks is quite startling. When a handful of companies hold this much wealth and power over Americans, we must take note.

Copyright 2020, ConservativeInsider.org

Previous articleHouse Democrats Seek to REMOVE Nancy Pelosi as Speaker (REPORT)
Next articleKremlin Insists Vladimir Putin Does Not Have Parkinson’s Disease