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Democrat billionaire donor Reid Hoffman, co-founder of LinkedIn, paused donations to former Gov. Nikki Haley’s Republican nomination bid, marking the first major donor to withdraw support after Trump’s victory in New Hampshire.
Hoffman had previously contributed $250,000 to a pro-Haley super PAC.
Trump’s success in New Hampshire has been seen as a disruption to the donor class’s influence over the GOP, as they failed to significantly impact Trump’s lead despite substantial spending.
Reid Hoffman helped fund Nikki Haley’s campaign against Trump and also helped fund E Jean Carroll’s lawsuit against Trump.
Who else has this guy funded that is anti Trump or anti anyone who supports Trump? He should be investigated pic.twitter.com/maWJb6nMyI— Ultra MagaBA🇺🇸 (@Brookltnwilliw) January 19, 2024
“If America is to avoid another Trump presidency, it will be because Trump loses an election next year. If he is to lose, it will either be to Nikki Haley in the primary, or Joe Biden in the general,” Hoffman wrote previously.
The New York Times suggested that the Republican Party’s landscape is changing, with the donor class now marginalized and Trump’s victory reshaping the party’s dynamics.
“Tuesday night’s results showed that the time is coming to sit shiva for the Republican Party of the Bushes, Cheneys and Romneys. And the donor class that once played an outsize role in shaping the party is now a desperate group of bystanders,” Lisa Lerer, Maggie Haberman, and Jonathan Swan wrote.
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