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TEXXR

Chronicles

The story behind the story

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Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy and public markets

Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …

Bloomberg Fareed Sahloul

Discussion

  • @nullifie @nullifie on bluesky
    Tech oligarchs who grinned behind Trump at inauguration lose billions in wake of his tariffs announcement.  —  Meta down 8.96 %  —  Amazon down 8.98 %  —  Google down 3.92 %  —  Apple down 13.01 %  —  Microsoft down 9.68 %  —  Tesla down 24.69 % 🤣  —  www.independent.co.uk/news/w…
  • @jhoward Jonathan Howard on bluesky
    Klarna has the opportunity to do the funniest BNPL of all time [embedded post]
  • @marypcbuk Mary Branscombe on bluesky
    Trump take IPOs [embedded post]
  • @adashtra Ash Parrish on bluesky
    Chat, is this good?? [embedded post]
  • @fack @fack on bluesky
    NOT MY BURRITO TAXI LOAN BACKED SECURITIES [embedded post]
  • @michaelsderby Michael Derby on bluesky
    China also hits back at Trump trade war with rare earth export restrictions.
  • @alexhall@mastodon.social Alex Hall on mastodon
    This is very nicely said, explaining relatively briefly why big tech execs and MAGA idiots have, as the article says, shot themselves in the foot by electing the president they did, getting exactly the opposite of what they wanted.  The article includes some swearing, for those w…
  • @levie Aaron Levie on x
    It's hard to overstate the negative impact of these tariffs if they go through. It will require broad price changes that the market likely won't bear. That means companies have to reassess every aspect of their business on a dime. The ripple effects of this are vast.
  • @profplum99 Michael Green on x
    I am shocked that the great IPO recovery of 2025 has failed to materialize...
  • @kgreifeld Katie Greifeld on x
    so many IPO delays. Terminal headlines since 11am: *CHIME IS DELAYING ITS IPO: WSJ *MNTN SAID TO PUT OFF IPO LAUNCH THAT WAS PLANNED FOR NEXT WEEK *KLARNA PAUSES PLANNED IPO AFTER TRUMP TARIFFS: WSJ *STUBHUB DELAYS ITS IPO PLANS: WSJ
  • @pitdesi Sheel Mohnot on x
    Klarna halted their IPO due to the trade war. Affirm (competitor) is down 40% this month. [image]
  • @tier10k @tier10k on x
    *KLARNA PAUSES IPO AFTER TRUMP TARIFFS: WSJ ipo season over before it hardly started
  • @levie Aaron Levie on x
    Vibe supply chaining
  • @danprimack Dan Primack on x
    The one thing worse than taxing unrealized capital gains: Not having unrealized capital gains.
  • @danprimack Dan Primack on x
    So.... is this the better IPO market that VCs kept saying they were waiting for? It's way worse than just the tumult. If investors do begin buying, they now have all these “discounted” shares of known names to choose from. Why buy a new issue? It's 2022 all over again.
  • @mikeisaac Rat King on x
    the larger story is that ecommerce on the whole is potentially well and truly fucked if these chinese and SEAsia tariffs stick think Shopify, Stripe, Square, Adyen Klarna pulled their IPO this very morning
  • @mgsiegler M.G. Siegler on x
    At this rate, we're about two weeks away from Christmas being cancelled... [image]
  • @davemcclure Dave McClure on x
    attn pro-Trump tech investors who thought all the #tariffs talk was just bluster — YES, we should have taken him both LITERALLY and SERIOUSLY.
  • @mattyglesias Matthew Yglesias on x
    We're not going to need IPOs once everyone is able to get good jobs picking fruit or working in textile factories
  • @chrisfralic Chris Fralic on x
    I'm tired of all the winning [image]
  • @danprimack Dan Primack on x
    WSJ: Klarna pauses IPO due to tariff volatility https://www.wsj.com/...
  • r/politics r on reddit
    Tech moguls who grinned behind Trump at inauguration lose billions in wake of his tariffs announcement
  • r/technology r on reddit
    Big Tech Backed Trump for Acceleration.  They Got a Decel President Instead
  • r/LeopardsAteMyFace r on reddit
    Tech CEOs who grinned behind Trump at inauguration lose billions in wake of his tariffs announcement
  • r/esist r on reddit
    Tech moguls who grinned behind Trump at inauguration lose billions in wake of his tariffs announcement
  • r/wallstreetbets r on reddit
    Klarna Pauses Planned IPO in Wake of Trump Tariff Announcement
  • @martinsfp @martinsfp on bluesky
    Womp womp.  —  So scared of a bit more regulation that they held hands with a market-crashing maniac.  [embedded post]
  • @emanuelmaiberg Emanuel Maiberg on bluesky
    all hail the decel in chief www.404media.co/big-tech-bac...
  • @samleecole Sam Cole on bluesky
    “We'd be quiet too if we were them because it's such a humiliating self own.” www.404media.co/big-tech-bac...
  • @jasonkoebler.mastodon.social … Jason Koebler on bluesky
    The most powerful people and companies in the world have successfully orchestrated one of the most damaging and stupid self owns imaginable:  —  https://www.404media.co/big-tech- backed-trump-for-acceleration-they-got- a-decel-president-instead/
  • @jamisonfoser Jamison Foser on bluesky
    started / going [left image: “Mark Zuckerberg says Trump's fist pump was 'one of the most badass things I've seen in my life'”, right image: “Why Trump's tariffs are rattling even Meta"]
  • @quinnypig.com Corey Quinn on bluesky
    Didn't Amazon just set an internal comp stock valuation of $250 when giving people performance targets for the year?  Hard to get there from $171...  [embedded post]
  • @pomurray Po Murray on bluesky
    📉 The fascist is not making America great with our economic sinking & our 401k plans tanking.  I voted against all of this! [embedded post]
  • @linasrivastava Lina Srivastava on bluesky
    Are we winning yet? [embedded post]
  • @mollyknight Molly Knight on bluesky
    Zuck deserves every inch of this tho lmao [images]
  • @karaswisher Kara Swisher on threads
    Several sources tell me a passel of high profile tech and also finance leaders is making a trip to Mar-a-Lago to read Trump the riot act — um talk common sense — to him on the tariffs.  Their million dollar donations to the inauguration is turning into billions and soon trillions…
  • @the_vagabondking @the_vagabondking on threads
    Somewhere Netflix execs trying to decide how much to raise the prices again, because of the tarrifs.
  • @dvassallo Daniel Vassallo on x
    Investors are reevaluating whether a business with almost no assets that operates in a competitive and saturated market is really worth a 43 P/E ratio, or whether their money is better deployed elsewhere.
  • @kantrowitz Alex Kantrowitz on x
    Tim Cook must be so mad right now
  • @joecarlsonshow Joseph Carlson on x
    The market is now in the phase of indiscriminate selling.  Netflix has no business in China.  Netflix does not import or export goods.  Netflix is likely to gain customers during economic slowdown as they go away from travel, restaurants, and look for cheaper forms of entertainme…