Tech Giants Court Trump After Previous Clashes
Post-inauguration, major tech companies such as Meta, Google, and Apple have forged closer ties with President Donald Trump, securing prominent seats at the event.
Matthew Prince, Cloudflare's CEO, acknowledges past industry challenges but suggests a willingness to engage with the Trump administration. "They [tech companies] had problems and potential risk... they're saying, 'We're willing to talk," he noted.
Cybersecurity Stocks Flourish Under Trump Presidency
Cybersecurity stocks have exhibited strong performance since Trump's election. Cloudflare, Fortinet, and ZScaler have all seen significant gains.
Analysts attribute this optimism to factors such as Trump's support for cybersecurity investment and potential regulatory easing. Additionally, the increasing digitalization of our world enhances the demand for cybersecurity measures.
The World Economic Forum highlights the growing concern among CEOs about cyber threats, further emphasizing the importance of cybersecurity investments.