A well-known business professor on Wednesday revealed the one thing that he says could stop President Donald Trump’s administration in its tracks.
Scott Galloway, a professor at NYU’s Stern School of Business, said during an interview on “The Daily Beast Podcast” with Hugh Dougherty that Trump is most vulnerable to an economic strike of his Big Tech donors. That includes Amazon, Apple, X, and OpenAI, Galloway argued.
“This is a coin-operated president,” Galloway said. “And these individuals have decided that their one and only job is shareholder value. And I empathize with that, I get it. There’s a ton of pressure. Nobody wants to go first. But there needs to be collective action … to say, ‘This has just gone too far.’ But what is it about? It’s about one thing. It’s about shareholder value. Full stop.”
Trump’s 2024 presidential campaign received a significant boost from Big Tech. For instance, Amazon’s Jeff Bezos, who also owns The Washington Post, killed the newspaper’s presidential endorsement. Meanwhile, companies like Meta, Google, and Apple made hefty donations to Trump’s inauguration fund.
Even though these companies appear wedded to Trump, Galloway revealed they are still vulnerable to a certain kind of pressure.
“These companies are highly sensitive to growth rates and projected growth rates,” Galoway added. “The easiest way to maybe save some money and have a really big impact and send a message to the markets, to Trump, and to other citizens that they can have an impact is to resist and unsubscribe.”
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