In this photo taken Tuesday Feb. 3, 2015, a woman works on her laptop as two other women walk through the campus at Facebook headquarters in Menlo Park, Calif. (AP Photo/Eric Risberg)
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After disbelief, anger and grief, the U.S. tech sector is looking to come to grips with the presidency of a man described by many of its leading lights as a "disaster" for innovation.Some observers are saying it makes little difference who is in the White House, and others argue Trump is unlikely to carry out the promises – and threats – he made during a bitter campaign.Trump sent shivers through Silicon Valley during his election bid, by pledging to squeeze trade from China, clamp down on immigration which is critical to many tech firms, and even sending a warning that online giant Amazon could have "a huge antitrust problem" if he were elected. Close to 150 tech icons – including founders of Apple, Wikipedia and Reddit – penned an open letter in July warning that the Republican nominee would be a "disaster for innovation". The analyst said an antitrust probe of Amazon was unlikely, nor does he expect major changes on skilled immigration under Trump.The tech sector holds the lion's share of an estimated $2.5 trillion held by U.S. firms overseas.Tech leaders clashed with Trump during the campaign on issues ranging from law enforcement surveillance to immigration to gay rights.
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