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.
Send tips to firstname.lastname@example.org.
The Daily Caller News Foundation is working hard to balance out the biased American media. For as little as $3, you can help us. Make a one-time donation to support the quality, independent journalism of TheDCNF. We’re not dependent on commercial or political support and we do not accept any government funding.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact email@example.com.