Silicon Valley Braces for Uncertainty After Donald Trump's Victory--Update

Donald Trump's election victory is seen as a blow to Silicon Valley, putting the presidency in the hands of a vocal critic of several big technology companies and an advocate of policies tech executives have said could hurt the industry's development. During his campaign, Mr. Trump didn't offer a specific plan for how he would tackle technology policy -- unlike his Democratic opponent Hillary Clinton, who in June issued a detailed tech platform that executives broadly applauded. Meanwhile, Mr. Trump's advocacy of tighter limits on immigration and trade alarmed an industry that prizes high-skilled immigrants and gets most of its revenue from overseas. The electorate's endorsement of Mr. Trump's populist message, which broadly blamed elites for the problems of many disaffected Americans, could also spell trouble for Silicon Valley, which has spawned companies that delivered far more in profits and stock-market valuations than they have jobs for middle-class workers. Mr. Trump took aim at several big names in technology during the campaign.