Big Tech's 'danger scenario' is a Democratic sweep in November, says investor Bradley Tusk

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Big Tech stocks are holding up fine despite the threat of increased regulation, but that could change come November.

are among the major funders of Prop 22 and have said that complying with the existing law would force them to temporarily suspend service in California, where they're based. DoorDash and Instacart are also big supporters.

Tusk wrote that a ballot box victory in California would help Uber and Lyft elsewhere, making it "easier for states like Illinois or Colorado to pass similar legislation, which could start a national trend favorable to on-demand providers." Tusk, who previously advised Uber on political matters, said a loss would put the companies on "the defensive nationally" and likely result in them continuing to fight for a legislative victory in California.

Tusk said he wrote the memo because of what happened four years ago, when people were caught off-guard by President Donald Trump's surprise victory. On election night of 2016, Tusk said he rushed out a note to executives in his network with details about what a Trump administration would mean for various sectors. Based on the feedback, Tusk opted to take a more preemptive approach this time.

He also said politics has become much more pervasive in our lives and that it's more clear now that ever that companies can't ignore the consequences of elections."If companies thought they could escape politics before, they're in for a rude awakening. Don't be caught off guard – if 2020 has been any indication, anything can happen."

 

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Clueless Biden will kill this recovery

Say “bye Felicia” to your stocks, your pensions, your 401k’s, your jobs, your small businesses, your low gas prices, your children future, just to name a few.

You know, I've seen responsible industry people SUPPORTING reasonable regulations. They know how that works FOR the people and even for their companies. Those are people who read and think and consider circumstances beyond their own noses. People we need IN OFFICE.

Market will crash if Biden wins. Please somebody bet me. I accept PayPal and Venmo.

Forgive me if I don’t feel bad for the billionaire CEO’s

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