Trump's victory is met with approval among leading business figures

Elon Musk did not vote for Trump in 2020 but is fully committed to him now. Like many other business leaders, Tesla and Twitter's CEO recognized that deregulation benefits him.

Many right-wing libertarians on the stock market also hope for fewer rules, lower taxes, and more trust in cryptocurrencies in the second Trump era.

The German arms company Rheinmetall has stated that they believe that Trump's victory will be good for the company. Europeans need to become more independent and invest more in their defense, said CEO Armin Papperger at a presentation of business figures in Düsseldorf.

Traditionally, Silicon Valley is considered liberal. However, more and more tech giants believe that Trump's strategy is better for their wallets, after all he has claimed he will deregulate crypto, lower taxes at home, and raise tariffs.

Trump's running mate, JD Vance, was controversial, but with him, he could attract tech gurus to his side for the first time. Their money flowed in streams during the election campaign - especially from Elon Musk.

The conservative think tank "Heritage Foundation" could now finally implement its "Project 2025" with Trump and his tech friends. The plan envisages transforming the USA into an authoritarian state guided by Christian nationalist principles.

Meta's Mark Zuckerberg and Amazon's Jeff Bezos immediately congratulated Trump. In the weeks before the election, tech CEOs Sundar Pichai (Google) and Tim Cook (Apple) called him during the campaign.

The CEOs bowed to work with the new administration. The call came only a few weeks after Bezos pushed to block The Wahington Post from endorsing Harris.

Both Zuckerberg and Bezos have bumpy pasts with Mr. Trump. According to CNN, the President-elect has complained about the newspaper and threatened to arrest the Facebook founder.

Paypal founder Peter Thiel has long been a Trump fan. After the storming of Congress in 2021, he withdrew, but now he is entirely back on his side.

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