• Trumps presidency has been a boon for U.S. tech giants.
  • But Silicon Valley is backing disruptive Democrats by an overwhelming margin.
  • The presidents MAGA club is lining up behind Bernie Sanders not Donald Trump.

President Donald Trump has unofficially licensed his MAGA slogan to Silicon Valleys four most prestigious companies: Amazon, Apple, Google, and Microsoft.
Speaking to the media this week, Trump hailed the four firms each of which is worth more than $1 trillion as evidence of his presidencys success.
For 144 days, we set a record stock market. It means 401Ks, it means jobs. Four trillion dollar companies: Apple, Amazon, Google, Microsoft. You have MAGA. The trillion dollar club.
But if campaign donations at these companies are anything to go by, insiders at the four tech giants wouldnt be caught dead chanting the MAGA slogan or wearing the famous red hat.
Apple Insiders Are Thanking Trump by Backing Bernie
Apple insiders have donated $55 to Bernie Sanders for every $1 theyve given to Donald Trump. | Source: REUTERS/Leah Millis
Apple insiders, for instance, are donating only $1 to the Trump campaign for every $55 sent to his best-performing Democratic challenger: Bernie Sanders.
This despite Apple and its stock benefitting greatly from the Trump presidency.
Apples stock price has more than doubled since the December 2017 tax cuts. | Source: TradingView
The Tax Cuts and Job Act of 2017 reduced Apples tax rate by nearly 10%. This enabled the iPhone maker to return billions of dollars to shareholders via dividends and stock buybacks.
Since the tax cuts, Apples stock price has more than doubled.
Amazon and Google have benefitted from Trumps protectionist tendencies too.
Most recently, Trump attacked European plans to impose a digital services tax on U.S. tech firms and threatened to pursue retaliatory tariffs. France, the leading supporter of the tax measure, bowed to the pressure albeit temporarily thanks to Trump.
Big Tech Loves Trumps Policies But They Hate Trump
Its no secret that Silicon Valley leans left politically, but the current trend defies logic.
As of February 3rd, Big Tech insiders had donated overwhelmingly to candidates who have threatened to disrupt U.S. tech leviathans. All the while giving peanuts to the candidate most likely to maintain the status quo.
Protest vote?
At Microsoft, insiders have donated $166,399 to Bernie Sanders, $145,714 to Pete Buttigieg, and $103,705 to Elizabeth Warren. They have contributed just $19,163 to the Trump campaign.
Silicon Valley is funneling cash to presidential candidates who have threatened to break up Big Tech. | Source: OpenSecrets.org
From Apple, Bernie Sanders received $145,600, Warren $100,296, and Buttigieg $88,652. Trump brought in a paltry $2,654.
A similar trend was replicated at Amazon, where Sanders got $213,945, Warren $102,225, and Buttigieg $98,288. Trump received $11,147.
And from Alphabet, Trump got $7,793 against Warrens $304,318, Sanders $297,705, and Buttigiegs $242,249.
Joe Biden, long the presumptive Democratic frontrunner, also underperformed his progressive rivals by a wide margin.
Bernie and Warren Havent Been Shy About Breaking up Big Tech
In this election cycle, the socialist-leaning Democratic presidential candidates have not missed an opportunity to bash tech giants. Bernie Sanders and Elizabeth Warren have both expressly stated that they will break up Silicon Valleys largest companies if they win the presidency.
In December, Sanders stated in response to a question from Vox:
When in the White House, I will reinvigorate the FTC (Federal Trade Commission) and appoint an Attorney General who will aggressively investigate and break up these tech giants and other conglomerates that have monopolized nearly every sector of our economy.
Sanders is also on record criticizing Google for being too big and too powerful.
Source: Twitter
This was Warrens response to the same Vox question:
To make our government and our economy work, we need to stop big tech companies from throwing around their political power to shape the rules in their favor and throwing around their economic power to snuff out or buy up every potential competitor. That means breaking up Big Tech.
While not expressly calling for the dismantling of powerful Silicon Valley giants, Pete Buttigieg responded that breaking up tech companies should be an option.
Protest vote or not, how insiders at the MAGA club companies are donating to political campaigns in the 2020 election cycle seems a bit baffling.
Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.
This article was edited by Josiah Wilmoth.
Last modified: February 16, 2020 7:15 PM UTC