Prof G Markets: Why is Silicon Valley Backing Trump? + A Glasses Company Acquires Supreme
Jul 22, 2024
42:24
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Explore the intriguing relationship between Silicon Valley and Trump, with a focus on the acquisition of Supreme by EssilorLuxottica. Delve into the motives behind the support for Trump, the influence of personal connections, and the implications of Silicon Valley's backing. Uncover the details of Luxottica's strategic acquisitions, potential innovations in eyewear technology, and the impact of their monopoly on prices in the market.
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Quick takeaways
Silicon Valley donors support Trump, perplexing many; EssilorLuxottica's glasses monopoly acquisition reveals under-the-radar market dominance.
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Scott shares his thoughts on why Trump has attracted some of Silicon Valley’s most powerful donors. He also explains why he doesn’t recognize America anymore, especially since his move to London. Then, Scott and Ed discuss possible motives for EssilorLuxottica acquiring Supreme and explain how the eyewear company’s monopoly on glasses has flown under the radar for so long.