Why big tech won't dump Trump's immigration policies — but big banks will


President Trump's immigration policies have forced businesses to test their political limits.
Last week, big banks started breaking their ties to the private prison system, deciding it wasn't worth the growing public relations fiasco. But big tech has held onto its controversial government contracts even as workers protest, making decisions that seemingly come down to the dollar, The Washington Post reports.
While working with the private prison system has long been controversial, its role in housing an ever-growing number of immigrant detainees has made it downright taboo for some customers. A wave of banks announcing their divestment from private prisons started with JPMorgan Chase last week. The bank said the decision was made via a cost-benefit analysis and not for PR reasons, per NBC News. Wells Fargo also said it would distance itself from private prisons, citing "environmental and social risk management."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Big tech companies have also gotten tangled in immigration policy. Amazon has sold its facial recognition technology to law enforcement, where it could be used to track undocumented immigrants, an ACLU lawsuit has alleged. Microsoft employees similarly protested a $19.4 million contract with Immigration and Customs Enforcement.
While "prison finance is a small business for JPMorgan," Reuters says, government contracts are a bigger deal for tech companies. Even without prison companies, banks have "plenty of business opportunities to pursue," an investment expert tells the Post. But it's harder for tech companies to "draw distinct lines around" what kinds of immigration-related government projects they'll take on, the expert added. Read more at The Washington Post.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
5 fundamentally funny cartoons about the US Constitution
Cartoons Artists take on Sharpie edits, wear and tear, and more
-
In search of paradise in Thailand's western isles
The Week Recommends 'Unspoiled spots' remain, providing a fascinating insight into the past
-
The fertility crisis: can Trump make America breed again?
Talking Point The self-styled 'fertilisation president', has been soliciting ideas on how to get Americans to have more babies
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine