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Tech Billionaires Compete for Influence in Trump Administration

Meta’s $1M donation to Trump’s inaugural fund sparks rivalry with Elon Musk. Explore how tech billionaires are competing for influence in the Trump administration.

Elon Musk, one of the co-leaders of President-elect Donald Trump’s Department of Government Efficiency, is pursued by journalists as he walks to a meeting at the U.S. Capitol, on Dec. 5, 2024. | Francis Chung/POLITICO

Meta and Elon Musk Vie for Trump’s Favor Amid Political Shifts

Meta’s $1 million donation to Donald Trump’s inaugural fund has reignited speculation about the tech industry’s alignment with the incoming administration. The donation marks a striking shift, as Meta and its CEO, Mark Zuckerberg, steered clear of contributing to Trump’s 2017 inauguration or President Biden’s 2021 fund.

Meanwhile, billionaire Elon Musk appeared to take aim at Meta’s involvement. Responding to a claim on X (formerly Twitter) about alleged conservative censorship by Meta, Musk labeled the situation “concerning,” seemingly referencing Zuckerberg’s donation and recent overtures to Trump.

Meta’s Shifting Dynamics with Trump

Zuckerberg’s relationship with Trump has been contentious. After banning Trump from Facebook and Instagram in 2021, Meta restored his accounts earlier this year. Last month, Zuckerberg dined with Trump at Mar-a-Lago, signaling an effort to rebuild ties with the Republican Party’s MAGA faction.

Trump has not held back in criticizing Zuckerberg, accusing him of election interference and even suggesting potential criminal consequences if such actions were repeated. In his book, Save America, Trump vowed to target election “fraudsters,” explicitly naming Zuckerberg.

Musk’s Position Amid Rising Tensions

Musk’s criticism adds a layer of intrigue. While Musk has embraced conservative voices on X and clashed with traditional tech giants, his comment highlights a potential rivalry for influence over Trump’s administration.

Meta’s donation and Zuckerberg’s outreach suggest a calculated move to reconcile with the Trump-led GOP, which has often criticized Silicon Valley for alleged bias against conservatives. Musk’s skepticism underscores the challenge tech leaders face in navigating Trump’s volatile political landscape.

The Bigger Picture: Tech and Politics

Corporations often donate to inaugural funds, but Meta’s contribution signals a marked departure from its previous stance. The donation, coupled with Zuckerberg’s Mar-a-Lago visit, highlights the growing competition among tech leaders to shape policy under Trump’s administration.

Whether this jockeying will yield policy concessions or amplify scrutiny on Big Tech remains to be seen. For now, the tech world appears deeply divided in its approach to Trump’s return to power.

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