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Dec 9, 2020 1 min read

The Biden Transition Team: Big Tech & Big Money

The Biden Transition Team: Big Tech & Big Money

The Team So Far

Sources: Reuters, The Wall Street Journal, Washington Examiner

Wall Street & Big Banks Spent $74 Million on Biden

  • Over 30 executives with ties to Wall Street have raised big money for Joe Biden’s presidential campaign.
  • Marc Lasry, CEO of Avenue Capital Group and co-owner of the Milwaukee Bucks, ended up raising over $3 million, a source said.
  • Beyond those from Wall Street, Biden’s campaign saw fundraising help from leaders in Silicon Valley, including LinkedIn co-founder Reid Hoffman and venture capitalist Ron Conway.
  • Hedge-fund investors Donald Sussman and James Simons and investment bankers Blair Effron and Roger Altman were among the biggest financial backers of the president-elect.
  • Mark Zuckerberg contributed $350 million to a “safe elections” project run by the non-profit Center for Technology and Civic Life (CTCL). In crucial Atlanta counties, more than 99.5 percent of this funding went to election commissions in counties won by Hillary Clinton in 2016. Less than .05 percent of the funding went to counties Donald Trump won in 2016.

Sources: CNBC, Breitbart

Big Tech Spent Big Money On Biden

Employees at Alphabet, Amazon, Apple, Facebook, Microsoft, and Oracle have contributed nearly 20 times as much money to Biden as to Trump since the beginning of 2019. 95% of Silicon Valley donations have gone to Biden.

Employees at these six companies have contributed $4,787,752 to Biden and just $239,527 to Trump.

Sources: Forbes, Wired

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