Tech Industry Faces Uncertainty Under Trump Presidency

In some sectors of the tech industry, Donald Trump’s reelection to the presidency has been greeted with exuberance over the sense that good times are ahead. But for most companies in the industry, that might be a false hope, according to experts on technology law and policy. Many of Trump’s expected policies, such as those affecting immigration and trade, will likely hurt the industry and the economy at large, they say.

Even in other areas where he might be expected to put in place policies that are more favorable to tech companies, it’s hard to know what to expect because Trump can be capricious and unpredictable, often motivated by greed or grievance rather than any kind of principle, they said. Indeed, the tech industry should be worried about the incoming administration because Trump has no respect for the rule of law, and he has made clear that he plans when reassuming the presidency to settle old scores with perceived enemies including those inside the industry, said Eric Goldman, a professor of law at Santa Clara University’s law school and the co-director of its High Tech Law Institute. “I am panicked for the future of tech,” Goldman said. “I’m frankly shocked by seeing some of the wealthy people who are embracing Trump, because they are playing with fire,” he said. Last year’s election saw a rush of prominent people in the broader tech industry embracing Trump. Tesla CEO Elon Musk campaigned with the former president and appears to retain significant influence in the incoming administration. Venture capitalist David Sacks held a fundraiser for Trump in San Francisco, and Trump said he would appoint Sacks as the White House’s head on cryptocurrency and artificial intelligence. Fellow venture capitalists Marc Andreessen and Ben Horowitz endorsed Trump on their popular podcast

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