Tech billionaire Peter Thiel might ditch Trump as a result of he thinks Trump will lose

Photograph by John Lamparski/Getty Photos

Billionaire Peter Thiel, probably the most well-known Trump supporter in tech, is distancing himself from the president’s reelection marketing campaign. Thiel fears President Donald Trump will lose the race, in line with a report from The Wall Street Journal. Thiel soured on Trump after COVID-19 left tens of thousands and thousands of People unemployed; the billionaire believes that there will probably be a profound recession when November rolls round, making Trump susceptible to problem.

Thiel was a vocal supporter of the president in 2016, talking on the Republican Nationwide Conference in 2016 and donating $1.25 million that yr to his marketing campaign and different adjoining political teams and causes. Thiel, who earned his fortune co-founding PayPal earlier than changing into one of many earliest…

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