FT News Briefing Swamp Notes: Silicon Valley warms to Trump
Jun 8, 2024
Silicon Valley's elite is making a surprising turn, rallying behind Donald Trump with multimillion-dollar fundraisers. The hosts dissect this political shift, revealing how key figures are moving away from Biden and the implications for free speech and regulations. There's a fascinating contrast between the tech giants' support for Trump and the sector's traditional liberal stance. The conversation even weaves in a lighthearted discussion about pandas, highlighting the complex relationship between politics and personal sentiment in the tech world.
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Silicon Valley Fundraisers for Trump
- Some Silicon Valley venture capitalists, including the All In podcast hosts, held fundraisers for Donald Trump.
- Tickets cost $50,000, with VIP perks like photos with Trump for $300,000.
Shifting Allegiances in Silicon Valley
- While some Silicon Valley figures like Palmer Luckey are longtime Trump supporters, others like David Sachs are new.
- Elon Musk has become increasingly critical of Biden, sparking speculation of a potential Trump endorsement or advisory role.
Elon Musk's Political Transformation
- Elon Musk, despite previously voting Democrat, has publicly criticized Biden's policies and mental acuity.
- He has also defended Trump on social media, suggesting that attacks on Trump boost his popularity.