[mfuzzey]

I disagree.

Sure corporations have to respect the LAW in their juradiction, even if said law is unpopular or unethical. But they don't have to, and shouldn't where ethics and human rights are involved, go beyond what is required by the law. Since Trump has come to power a lot of big organsations seem to be reversing their previous positions to gain political favour, which is wrong.

The solution is probably for them to appeal to the public. "We stand up to ICE abuse" would probably help them in the markets.

Something interesting happened recently in France where it turned out that the American subsiduary of CapGemini was selling serives to ICE. They were forced to sell that subsiduary after public outcry.

[api]

One Trump tweet can destroy a company’s stock price. Trump has amazing power over public companies as the absolute king of the attention economy.

[convolvatron]

its not just the tweets. this administration came out of the gate swinging with its extortionate demands. it claims the power to redirect, cancel, and append conditions to congressional funding. its has as its disposal all of the departments who ostensibly exist to serve the populace, and use them to file lawsuits, charge people with crimes, remove or establish new regulations or targeted taxes, all in service of whatever the president might desire.

[dashundchen]

Again and again with the fascists, the accusation of weaponization of government was really a confession of their own crimes.

Same with the Epstein files, same with the accusations of groomer while their ranks are filled with rapists, same with the Jan 6 insurrection, and likely this fall, accusations of election fraud and intimidation.

[nilamo]

I wish I understood how that works. Retail investors are so small, compared with hedge funds and whatnot, that "average people" cannot move a stock price significantly. So, when Trump tweets about a company, how does the stock move? Who is actually doing all that selling to drive the price down?

And, since the price almost always recovers within a week... does it even matter?

[mrguyorama]

Trump has big money friends that control non-retail investment. The tweet is just signalling.

That kind of access and "control" is why they think they can just tweet at Coke to stop using artificial dyes instead of, you know, changing the rules at the organization they run.