PayPal co-founder Peter Thiel donates $1.25 million to Trump campaign

midian182

TechSpot Editor
Staff member

The tech industry has expressed its disdain for Donald Trump on numerous occasions, but PayPal co-founder Peter Thiel is one of the few within the sector to support the Republican. Now, the Facebook investor is throwing his considerable financial backing behind Trump by donating $1.25 million to his campaign.

As Trump comes under more fire for his past comments and behavior toward women, Thiel has been uncharacteristically quiet when it comes to defending the property magnate. There were even suggestions that he may have decided to end his support for Trump, but a New York Times report suggests otherwise. Citing “a person close to the investor,” the publication states the money will be donated “through a combination of super PAC donations and funds given directly to [Trump’s] campaign.”

Despite endorsing Trump when he was a speaker at the Republican National Convention earlier this year, Thiel said he had no plans to donate any of his $2.7 billion net worth to the presidential candidate's campaign. But it appears that the recent scandal has encouraged him to show his support by reaching for the chequebook.

Many in the tech world have reacted angrily to the news of the donation. There have been calls for start-up incubator Y Combinator, where Thiel is a part-time partner, to cut ties with the billionaire. Company president Sam Altman said he is “not going to fire someone for supporting a major party nominee,” and that doing so would be a “dangerous road to start down.”

As noted by Re/Code, Crowdpac says that the tech industry has donated almost $8 million to Hillary Clinton’s campaign, the largest amount - $335,000 – coming from Google, while Trump had received just $300,000 before Thiel’s gift.

While not giving to the Clinton campaign directly, Facebook and Asana co-founder Dustin Moskovitz and his wife, Cari Tuna, pledged $20 million to several organizations supporting the Democratic candidate last month, including the Hillary Victory Fund.

Permalink to story.

 

Kotters

TS Maniac
When someone donates to Trump, it's a scandal. How many small-time developers are going to boycott Paypal now?
 

Billy Vinson

TS Enthusiast
CORRUPTION needs to end. GO TRUMP! Hillary is a total evil tool and those that cannot see through the Media and Govt B.S., well, you might just consider laying off the fluoride and quit being so EFFING Docile (Good Slaves)!
 
  • Like
Reactions: hopgop1

yRaz

Nigerian Prince
CORRUPTION needs to end. GO TRUMP! Hillary is a total evil tool and those that cannot see through the Media and Govt B.S., well, you might just consider laying off the fluoride and quit being so EFFING Docile (Good Slaves)!
The Clintons and Trump have been friends going back to the 80's. It's fairly easy to find pictures of Bill and trump golfing as well as the Clintons attending Trumps wedding in 2005.

Trump is only in the election to look like an ******* to make it easier for Hillary to get elected. Funny thing is that the GOP is in such shambles that Trump took the nomination away from them without really trying
 

Nobina

TS Evangelist
It would be better if he gave that money to me. I would probably just waste it but it would still be money better spend than on either candidates.
 

mbrowne5061

TS Evangelist
CORRUPTION needs to end. GO TRUMP! Hillary is a total evil tool and those that cannot see through the Media and Govt B.S., well, you might just consider laying off the fluoride and quit being so EFFING Docile (Good Slaves)!
The Clintons and Trump have been friends going back to the 80's. It's fairly easy to find pictures of Bill and trump golfing as well as the Clintons attending Trumps wedding in 2005.

Trump is only in the election to look like an ******* to make it easier for Hillary to get elected. Funny thing is that the GOP is in such shambles that Trump took the nomination away from them without really trying
Exactly. It was the GOP's election to lose. All they had to do was nominate any kind of semi-eloquent candidate - even if they were hardline right - and they would have won in a landslide against Clinton.
 
  • Like
Reactions: yRaz

bluto 2050

TS Addict
CORRUPTION needs to end. GO TRUMP! Hillary is a total evil tool and those that cannot see through the Media and Govt B.S., well, you might just consider laying off the fluoride and quit being so EFFING Docile (Good Slaves)!
You mean quit being useful *****s like the Lenin/Stalin proletariat's
 

bluto 2050

TS Addict
CORRUPTION needs to end. GO TRUMP! Hillary is a total evil tool and those that cannot see through the Media and Govt B.S., well, you might just consider laying off the fluoride and quit being so EFFING Docile (Good Slaves)!
The Clintons and Trump have been friends going back to the 80's. It's fairly easy to find pictures of Bill and trump golfing as well as the Clintons attending Trumps wedding in 2005.

Trump is only in the election to look like an ******* to make it easier for Hillary to get elected. Funny thing is that the GOP is in such shambles that Trump took the nomination away from them without really trying
Exactly. It was the GOP's election to lose. All they had to do was nominate any kind of semi-eloquent candidate - even if they were hardline right - and they would have won in a landslide against Clinton.
right
 

ssimonds

TS Rookie
He'd be better to just put it in a pile a burn it rather than give it to EITHER candidate .....
While I would mostly agree, only one candidate is talking about reducing H1B visas while the other wants to increase them exponentially. There is a reason large tech companies are pushing for HRC as their wallets rely on these visas for the best margins.
 

OutlawCecil

TS Evangelist
Many polls show 97% of Americans dislike both Trump and Hillary. It worries me when somebody like this feels so strongly for Trump that he decided to donate $1.25 million to his campaign. I suddenly have lost some respect for Paypal as a whole...
 

DAOWAce

TS Booster
I could use that money to, y'know, live a complete and content life (could even outright buy a house and sustain it for 30+ years without a job). But no, let's throw it at a billionaire trying to buy his way to presidency.

Corporate *****s..

When someone donates to Trump, it's a scandal. How many small-time developers are going to boycott Paypal now?
>imply it shouldn't have been boycotted from the start
Because there's any better alternatives that are as widely accepted as Paypal..
 

ssimonds

TS Rookie
I could use that money to, y'know, live a complete and content life (could even outright buy a house and sustain it for 30+ years without a job). But no, let's throw it at a billionaire trying to buy his way to presidency.

Corporate *****s..


Because there's any better alternatives that are as widely accepted as Paypal..
are you talking about soros or trump?