Leaders from major U.S. technology companies and the finance sector are reportedly heading to Mar-a-Lago in Florida, where President Donald Trump resides.
Cara Swisher, a journalist in the information technology (IT) field, noted in a post on social media (SNS) on the 5th (local time) that "according to several sources, prominent leaders from technology companies and the finance sector are heading to Mar-a-Lago to discuss reasonable tariffs with President Trump."
He said, "The millions of dollars they donated at Trump's inauguration are turning into billions, soon trillions of dollars in losses. Elon Musk (CEO of Tesla) is also becoming their target due to his 'foolish chainsaw' behavior," adding, "Good luck. You bought him, and he ruined you."
However, he did not specify who is visiting Mar-a-Lago.
The large U.S. technology company "Magnificent Seven" (M7) saw its market capitalization evaporate by $1.8 trillion just two days after President Trump announced reciprocal tariffs. Musk's fortune decreased by $30.9 billion, Amazon founder Jeff Bezos lost $23.5 billion, and Meta Platforms CEO Mark Zuckerberg's wealth fell by $27.3 billion.