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Tech Tycoon Peter Thiel Shies from Trump Reelection Campaign


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Tech Tycoon Peter Thiel Shies from Trump Reelection Campaign

President Trump’s most prominent Silicon Valley supporter, billionaire Peter Thiel, has told friends and associates that he plans to sit out this year’s presidential campaign because he thinks re-election is increasingly a long shot, people familiar with the matter say. Mr. Thiel, a venture capitalist and co-founder of PayPal Holdings Inc., spoke at the Republican…

President Trump’s most prominent Silicon Valley supporter, billionaire Peter Thiel, has told friends and associates that he plans to sit out this year’s presidential campaign because he thinks re-election is increasingly a long shot, people familiar with the matter say.

Mr. Thiel, a venture capitalist and co-founder of PayPal Holdings Inc., spoke at the Republican National Convention in 2016, where he criticized the state of the economy and described Mr. Trump as a man set to rebuild America. One of the few tech leaders to…

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