'It's Morning In America Again.' Tech Leaders Celebrate Trump Election Victory. Investor's Predict 'Obscene' Profit Surge.

Benzinga 2024-11-11

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Tech and venture capital leaders gathered at Mar-a-Lago on election night with former President Donald Trump to celebrate his anticipated administration. Palantir adviser Jacob Helberg described the event as electric, saying it was morning in America again. Investor Jason Calacanis predicted what he called an obscene profit surge. He added that a Trump administration would lead to a surge in mergers, acquisitions, and IPOs, creating substantial profits. The new administration may enact crypto-friendly regulations, avoid capital gains tax hikes, and ease antitrust rules to benefit venture capitalists and startup growth.

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