Crossfiled3 outlets · filed 5 November 2026
Why the Tech Right Lost Big This Week
The companies lost billions in market value as a sell-off swept through Wall Street after Democrats' big win in the midterms.
What the coverage shows
Both outlets frame the story around Elon Musk’s midterms spending and the contrast with voting in Texas. Newsweek focuses on Cameron County near SpaceX’s launch site and says it backed Democrats despite Musk’s support for Texas Republicans, while Wired broadens the frame to “Big Tech” and a “historic blue wave” that it says rebuked the Trump administration, Big Tech, and data centers.
Written by Crossfiled from the 3 headlines and extracts below, not from the articles themselves. It describes how the outlets framed this, not what happened. Open any headline for a summary of that article.
How it broke
In this story
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