Tech billionaire Peter Thiel is distancing himself from the campaign of President Trump amid fears that he will not win reelection, The Wall Street Journal reports, citing people familiar with the matter.
Thiel, a vocal supporter of Trump in 2016, reportedly “soured” on the president’s reelection chances, with the Journal reporting that he said he thinks the economy will be in a major recession come November due to the pandemic and a challenger would face better odds against a sitting president.
The venture capitalist and co-founder of PayPal Holdings Inc. spoke at the 2016 Republican National Convention and donated $1.25 million that year to Trump’s campaign and other pro-Trump groups. Thiel is not scheduled to speak at this year’s convention.
Though he might vote for the president personally, sources told the Journal that Thiel has said Trump is vulnerable to a challenge from former Vice President Joe Biden, the presumptive Democratic nominee. Thiel is not expected to publicly break with the president.
……..
- Discussion
-
Peter Thiel sours on Trump's reelection chances: report https://t.co/5SkfErboCz pic.twitter.com/5rLk6uyWDd
— The Hill (@thehill) July 3, 2020
You must be logged in to reply to this topic.