Why is Silicon Valley Backing Trump? + A Glasses Company Acquires Supreme | Prof G Markets

Music Lawsuits

The music industry is increasingly turning to legal action to reclaim revenue lost to piracy. Scott Galloway highlights the industry's frustration with platforms that insert themselves between artists and consumers, capturing a significant portion of profits. Ed Elson explains that the recent lawsuit against Verizon is not about direct copyright infringement by the company but rather its customers' actions. He notes, "I don't really think they'll win," but acknowledges the broader strategy of music labels lawyering up to protect their intellectual property 1.

   

Political Shift

Silicon Valley's political landscape is shifting, with notable figures backing Donald Trump. Ed Elson reports that Elon Musk plans to donate $45 million monthly to a pro-Trump PAC, joined by other high-profile investors like Marc Andreessen and Ben Horowitz. Scott Galloway suggests that these moves are strategic, anticipating a Trump administration that might favor personal relationships over systemic regulations 2. Meanwhile, the consolidation of power in AI is a growing concern, as Ed points out the shift from startups to big tech, exemplified by Microsoft's acquisition of Inflection's staff 3.