"Thiel told Fortune in an interview that he will be "less involved" in the forthcoming presidential election, though he does intend to vote for the Republican candidate. And he confirmed for the first time an earlier report that, citing sources familiar with his thinking, he would not financially support any of the candidates. Thiel said that while there were "a lot of different, complicated reasons" for his decision not to donate, he isn't convinced that money matters at the presidential level."
""They'll get their message out or they will not get it out," Thiel said. "They will convince people or they will not convince people. And an extra $1 million or $10 million does not make any difference." Following the interview, Thiel provided an additional statement to Fortune saying that he was "unpersuaded that this election will focus on the issue that matters most: ending our decades-long technological and economic stagnation.""
"Thiel, who is known for cofounding PayPal and being Facebook's earliest investor, wouldn't specify which candidate he intends to vote for at this time. "I'll vote for the Republican," he said. Thiel served on former President Donald Trump's transition committee in 2016. He donated $1.25 million to Trump's first presidential campaign and other groups, though it appears Thiel sat out from backing Trump's 2020 reelection campaign, according to news reports and OpenSecrets records."
Thiel said he will be less involved in the forthcoming presidential election while still voting for the Republican candidate. He confirmed that he will not financially support any candidates. He cited multiple complicated reasons and said he is not convinced that money matters at the presidential level, arguing that messages either reach voters or do not and that extra spending does not change persuasion. He also stated he is unpersuaded that the election will focus on ending decades-long technological and economic stagnation. He did not name the candidate he will vote for beyond indicating he will vote Republican. He previously supported Trump in 2016 and donated to Trump’s first presidential campaign, while later reports suggest he did not back Trump’s 2020 reelection.
#political-donations #republican-election #campaign-involvement #tech-and-economic-stagnation #peter-thiel
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