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Big Tech Outsmarts MAGA: One Year of Political Power Shift

January 28, 2026 Rachel Kim – Technology Editor Technology

Welcome to Regulator, a ‍newsletter for Verge subscribers about the ‍technology and the tech bros⁣ upending American politics and the Trump administration. If you’re⁢ not a subscriber yet, and you’re interested in Silicon Valley’s adventures in sausage-making, you ⁣should do so here! It’s Q1! Surely⁣ the corporate budget will⁣ allow ‍for it.

Precisely one⁤ year ago, Steve Bannon, ⁢the powerful, populist MAGA podcaster, was thrilled⁢ at the sight of the Big tech CEOs swarming around Donald Trump. In the days ⁢before his ⁢inauguration,‍ the major players were visiting Mar-a-Lago, ⁣signing⁢ checks, even showing up to sit quietly behind him during his second inauguration.For years, Bannon told ABC’s Jonathan Karl in an interview,Big Tech had undermined Trump: Jeff Bezos’ ⁢ Washington Post had reported on him ⁣critically,as‍ a⁤ notable example,while meta ⁤and ‍Alphabet’s subsidiaries had purportedly silenced his‍ online presence.⁤ Now, Bannon said,‍ they were “supplicants” to Trump, who’d hired MAGA regulators ready to tear apart those companies at any given moment. “Most people in our movement look ⁢at this as President Trump broke⁢ the oligarchs,” he bragged.

Even smaller pivots from⁢ firm MAGA positions in ‍favor of the tech industry,and the response from said base,are telling. Last November,Trump sparked outrage from the right by defending the existence of H1-B visas for high-skilled foreign tech workers, going so far as to say that US workers lacked “certain talents” that prevented⁢ them from filling those roles.

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