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Surprise, Surprise: Google, Amazon, Microsoft All Donated to Trump's Inauguration
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On Tuesday, Politico confirmed that come of the biggest technology corporations in America donated to President Trump’s inauguration last month, the same companies who have recently voiced opposition to the administration’s controversial immigration policies.
Citing federal ethics documents, as well as sources familiar with the matter, Politico reported that Amazon (AMZN - Free Report) , Alphabet’s Google (GOOGL - Free Report) division, and Microsoft (MSFT - Free Report) all donated both cash and services to the president’s inauguration back in January. Microsoft, for example, contributed $250,000 in cash, in addition to the same amount in technology and other tools, on December 28 to the Presidential Inaugural Committee.
Google apparently provided an unspecified cash donation and a YouTube livestream of the inauguration, while Amazon gave similar services including tech help and an undisclosed donation. Facebook , though giving no cash donation, did provide Instagram photo booths and a mini Oval Office for those celebrating.
It’s quite common for corporations to donate to inaugural committees, regardless of political party affiliation. Microsoft donated about $2 million in cash and services for President Obama’s second inauguration, while Boeing (BA - Free Report) gave $1 million to President Trump’s inaugural events despite the president’s attacks on the airplane maker.
Just last December, the top executives of Amazon, Google, Microsoft, Facebook, as well as Cisco (CSCO - Free Report) , IBM (IBM - Free Report) , Intel (INTC - Free Report) , Oracle (ORCL - Free Report) , and Tesla (TSLA - Free Report) met with President Trump in a so-called tech summit where the group discussed the growing uncertainty over the then president-elect’s economic policies and the impact on the tech industry.
The meeting seemed to create a sense of peace between the president and the tech executives, especially after a bitter election season, but President Trump’s recent executive order barring citizens of seven Muslim-majority countries from entering the United States upended that concord. On Monday, over 100 tech companies, including many of the above as well as Apple (AAPL) and Twitter (TWTR), told a federal court that they “oppose the president’s executive order because it's bad for the country and hurts their ability to attract talent,” notes Politico.
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Surprise, Surprise: Google, Amazon, Microsoft All Donated to Trump's Inauguration
On Tuesday, Politico confirmed that come of the biggest technology corporations in America donated to President Trump’s inauguration last month, the same companies who have recently voiced opposition to the administration’s controversial immigration policies.
Citing federal ethics documents, as well as sources familiar with the matter, Politico reported that Amazon (AMZN - Free Report) , Alphabet’s Google (GOOGL - Free Report) division, and Microsoft (MSFT - Free Report) all donated both cash and services to the president’s inauguration back in January. Microsoft, for example, contributed $250,000 in cash, in addition to the same amount in technology and other tools, on December 28 to the Presidential Inaugural Committee.
Google apparently provided an unspecified cash donation and a YouTube livestream of the inauguration, while Amazon gave similar services including tech help and an undisclosed donation. Facebook , though giving no cash donation, did provide Instagram photo booths and a mini Oval Office for those celebrating.
It’s quite common for corporations to donate to inaugural committees, regardless of political party affiliation. Microsoft donated about $2 million in cash and services for President Obama’s second inauguration, while Boeing (BA - Free Report) gave $1 million to President Trump’s inaugural events despite the president’s attacks on the airplane maker.
Just last December, the top executives of Amazon, Google, Microsoft, Facebook, as well as Cisco (CSCO - Free Report) , IBM (IBM - Free Report) , Intel (INTC - Free Report) , Oracle (ORCL - Free Report) , and Tesla (TSLA - Free Report) met with President Trump in a so-called tech summit where the group discussed the growing uncertainty over the then president-elect’s economic policies and the impact on the tech industry.
The meeting seemed to create a sense of peace between the president and the tech executives, especially after a bitter election season, but President Trump’s recent executive order barring citizens of seven Muslim-majority countries from entering the United States upended that concord. On Monday, over 100 tech companies, including many of the above as well as Apple (AAPL) and Twitter (TWTR), told a federal court that they “oppose the president’s executive order because it's bad for the country and hurts their ability to attract talent,” notes Politico.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>