{
  "id": 7535287,
  "title": "Why the Postpandemic Tech Bust Sent Billionaires to Trump",
  "url": "https://urgent.news/2026/09/15/why-the-postpandemic-tech-bust-sent-billionaires-to-trump",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-15T11:00:00.000Z",
  "source": {
    "name": "Wired",
    "slug": "wired",
    "url": "https://www.wired.com/story/against-tech-oligarchy-book-excerpt-trump-billionaries/"
  },
  "original_language": "en",
  "account": "The postpandemic tech bust, triggered by a sudden tightening of monetary policy, led many billionaires to turn their attention to former tech giants such as Trump. Once a time of unprecedented hiring and soaring salaries for tech workers, the industry now faced a dramatic downturn after rates were raised sharply. Major tech firms like Amazon, Facebook, Microsoft, and Google reported sluggish growth, missed expectations, and massive layoffs. The once-beloved tech industry was now seen as irresponsible and bloated, with CEOs and investors blaming workers for \"fake work.\" This shift in perception marked a stark contrast to the golden age of tech worker prosperity that had characterized the years following the 2008 financial crisis.",
  "summary": "Following mass layoffs in 2022 and 2023, many tech workers turned against their employers. When liberal politicians also rallied against Silicon Valley, their backers turned to Donald Trump.",
  "key_points": [
    "Postpandemic tech bust triggered by tight monetary policy",
    "Billionaires shift focus to former tech giants like Trump",
    "Tech industry faces downturn, layoffs, and criticism"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Wired Business",
        "title": "Why the Postpandemic Tech Bust Sent Billionaires to Trump",
        "url": "https://urgent.news/2026/09/15/why-the-postpandemic-tech-bust-sent-billionaires-to-trump-7541335",
        "published": "2026-09-15T11:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}