Matt Drudge, eponymous creator of the news aggregator site the Drudge Report, tweeted out the headline “Welcome To The Correction” with the caption “No bailout for tech companies — ever!”
As the stock market is tumbling from its highest level ever — what many are calling a natural adjustment — some, like Drudge, are evidently worried that the prospect of financially bailing out big tech companies is imminent, or at least to be imminently considered.
No bailout for tech companies — ever! pic.twitter.com/7Xtk1vqjrV
— MATT DRUDGE (@DRUDGE) February 8, 2018
The clamoring from Drudge is a reference to the bailouts of the financial sector following the economic recession that started to unfold in 2007, and continued to negatively progress in the following months and years.
It’s not quite clear if Drudge’s piece of communication — on a platform he only seldom uses — is a showing of an aversion to Silicon Valley, or bailouts, or both.
Nevertheless, it may be part of palpably growing trend in America and even the world in which people of all political affiliations and faiths have steadily become more skeptical of the larger tech industry, especially the ones based in the U.S.
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