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Billionaire Peter Thiel, the most famous Trump supporter in tech, is distancing himself from the president’s reelection campaign. Thiel fears President Donald Trump will lose the race, according to a report from The Wall Street Journal. Thiel soured on Trump after COVID-19 left tens of millions of Americans unemployed; the billionaire believes that there will be a profound recession when November rolls around, making Trump vulnerable to challenge.
Thiel was a vocal supporter of the president in 2016, speaking at the Republican National Convention in 2016 and donating $1.25 million that year to his campaign and other adjacent political groups and causes. Thiel, who earned his fortune co-founding PayPal before becoming one of the earliest...
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