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