A rash of tech billionaires are pivoting to Trump -- but not because they're MAGA bros

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(CNN) “A mythology has been marketed by partisans suggesting a non-existent surge of tech titans abandoning the Democratic party support in a rush to support the Trump/Vance campaign. The truth is that most leading tech figures do not support Trump/Vance and those prominent ones who do, were there years ago as well,” Jeffrey Sonnenfeld, dean for leadership studies at the Yale School of Management, told CNN.

And for the ones you might have heard of, most likely, it’s not a sudden fervor for the far right’s Christian extremism or a predilection for red baseball caps. Instead, they’re looking out for the bottom line.

The two biggest pain points for people in tech have been the Biden administration’s record on antitrust enforcement and its attitude toward crypto, Adam Kovacevich, CEO of Chamber of Progress, a center-left tech policy group, told me.

“I don’t think it has as much to do with Trump per se,” he said. “I think they would have probably stayed with Biden if they felt more care and attention was being paid to the innovation economy.”

https://finance.yahoo.com/news/rash-tech-billionaires-pivoting-trump-100047453.html?.tsrc=daily_mail&segment_id=DY_VTO&ncid=crm_19908-1202929-20240720-0&bt_user_id=XsTO7JPheYDZoedH1MczEnvd9q4BGOtddvx1HS1QHdmktdoN82voh5GGb1cLwS3h&bt_ts=1721474301349