‘It’s officially hot commie summer’: Wall Street melts down on social media over Zohran Mamdani’s NYC primary win

Zohran Mamdani's victory in the New York City Democratic mayoral primary sparked a strong reaction from the finance industry, with many expressing dismay and concern about the potential impact on their interests. On social media, finance professionals and billionaires such as Michael Bloomberg and Bill Ackman, who had backed Andrew Cuomo, were seen lamenting the outcome. Some joked about drafting lengthy essays to express their thoughts on Mamdani's win, while others poked fun at the significant amount of money spent by Bloomberg to support Cuomo. The finance industry's reaction is not surprising, given that a Mamdani win in the general election could lead to tax hikes and tighter regulations that threaten corporate and investment interests. Some joked about a potential wealthy exodus from New York City, with one meme suggesting that wealthy New Yorkers would move to Miami if Mamdani wins. However, not all finance professionals were opposed to Mamdani, with some even expressing support for him. The reaction from the finance industry was largely one of shock and disappointment, with many joking about the potential consequences of a Mamdani win. One post on social media summed up the mood, featuring an image of investment bankers reacting to the news, with the caption "we'd all be fine with a lot less, right?" The finance industry's response to Mamdani's victory highlights the potential clash between the interests of Wall Street and those of the city's progressive voters. Overall, the reaction from the finance industry reflects the significant implications of Mamdani's win and the potential for significant changes in the city's policies and regulations.