There are signs that the tech elite may be warming up to presumptive Republican nominee Donald Trump.
Donald Trump and Joe Biden are seen on television as people attend a watch party for the first US presidential debate hosted by CNN in Atlanta, at Union Pub on Capitol Hill in Washington, US on Jun 27, 2024. REUTERS/Nathan HowardSILICON VALLEY, California: With its concentration of wealth, Silicon Valley has long been prized by presidential candidates in the United States for its fundraising potential.
"I know there's going to be a lot of people who support Trump, but they don't want to admit it. This event is going to break the ice on that, and maybe it will create a preference cascade, where all of a sudden, it becomes acceptable” said Sacks during his podcast. “For venture capitalists and those in Silicon Valley, they find a lot of kinship with someone like Donald Trump, who's transactional, who wants to see less regulation and wants to encourage risk-taking around, for example, crypto.”
“They have an agenda. They see an opportunity to wield power through Trump,” said Berin Szoka, president of non-profit technology think tank TechFreedom. Trump has had numerous infamous outbursts, including his tirade against social media firms for de-platforming him in the wake of the storming of the Capitol Building by his supporters on Jan 6, 2021, two months after his defeat to Biden in the previous election.With the stage now set for a rematch between the two in the upcoming Nov 5 presidential election, Trump needs all the help he can get when it comes to campaign funding.
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