Tag Archives: Peter Thiel

The Wall Street Journal reports: The Texas startup that sought to build a conservative banking alternative is shutting down. GloriFi has laid off most of its employees and told them that it is closing up shop, according to people familiar with the matter and emails to employees reviewed by The Wall Street Journal.  The company’s fate became clear on Friday, …

The Daily Beast reports: The CEO of an anti-woke banking startup that raised tens of millions in funding and then careened toward bankruptcy has resigned, The Wall Street Journal reported. GloriFi was launched by Toby Neugebauer and Nick Ayers, former chief of staff to Mike Pence, and promoted as an alternative to liberal banks for conservatives. A recent Journal investigation …

The New York Times reports: The British tourist who answered the door of a third-floor apartment had no idea she was staying at the residence of one of the world’s richest men. Peter Thiel, the billionaire and Republican political patron, has declared the two-bedroom apartment that he rents himself as his address while he works toward a goal he has …

The Washington Post reports: Peter Thiel, the billionaire investor who pumped $15 million into a super PAC that helped make Blake Masters the Republican nominee for Senate in Arizona, is planning to spend as much as $5 million more in the race, according to people familiar with the matter. The additional spending would mark a reversal for Thiel, who had …

Axios reports: Billionaire venture capitalist Peter Thiel has told the McConnell-aligned Senate Leadership Fund he is willing to make a multimillion-dollar investment in the Arizona race on the condition the super PAC finds matching funds, Axios has learned. With 28 days until the midterms, a late cash injection of this scale could prove decisive in one of 2022’s key Senate …

The Daily Beast reports: The Grand Canyon Times isn’t a traditional newspaper. It’s part of an opaque media organization that recycles right-wing news articles across a network of hyperlocal-sounding news websites, which are padded out with press releases. As the 2022 midterm elections approach, conservative campaigns have tapped the network to send realistic-looking (and unsolicited) newspapers to voters in critical …

The Wall Street Journal reports: An A-list group of financial backers including Ken Griffin and Peter Thiel gave Toby Neugebauer tens of millions of dollars to build a new kind of bank—one aimed at people who see Wall Street as too liberal. The potential customer base was huge, Mr. Neugebauer and his business partner, former Mike Pence chief of staff …

Bloomberg News reports: Palantir Technologies had a secret plan to deepen its relationship with the UK’s National Health Service without public scrutiny. The US data-analytics company aimed to buy up smaller rivals that already had an existing relationship with the NHS, according to emails and strategy documents seen by Bloomberg. This approach would hopefully allow Palantir to avoid further scrutiny …

Vice News reports: On September 1st, Evie Magazine—which strives to be the conservative answer to Cosmo, and which promotes COVID denialism and vaccine misinformation, soft-focus transphobia, and a weird obsession with organ meats—announced a new venture: 28, a “femtech” company offering workouts and nutritional tips based on users’ menstrual cycles, and which requires those users to enter information about the …

The Hill reports: There is a long list of failed or now-defunct dating apps aimed at conservatives that have popped up in recent years, including Righter, Donald Dater, TrumpSingles, Patrio and Conservatives Only. Co-founders John McEntee, who was a personal aide to former President Trump and then director of the White House presidential personnel office, and Daniel Huff, a Trump …

The Daily Beast reports: Republican senatorial candidate Blake Masters enjoys the financial and political support of his longtime friend, mentor, and billionaire business partner Peter Thiel, who is gay. But Masters, who attended Thiel’s wedding, also apparently believes Thiel’s marriage should be illegal. “It’s not just Disney, you know—‘follow your heart,’” Masters said at a campaign event earlier this year. …

Politico Magazine does a deep dive into Blake Masters: Masters’ views, while hard right, are not quite fringe in today’s Republican Party. He’s a harsh critic of Big Tech and says Trump was robbed in 2020. He traffics in the “replacement theory” that Democrats want to change the electorate through a wave of undocumented immigrants. He opposes aid to Ukraine …

The Hill reports: Billionaire tech entrepreneur Peter Thiel is donating $3.5 million to a super PAC backing Ohio GOP Senate candidate JD Vance after he won former President Trump’s endorsement last week. Thiel’s donation to Protect Ohio Values, first reported by Politico and confirmed to The Hill by a source familiar with the matter, comes amid a mad dash to …

Axios reports: Peter Thiel is injecting $1.5 million into a seed round for a new conservative dating app called “The Right Stuff,” a source familiar with the funding tells Axios. Conservatives have been aggressively building their own apps, phones, cryptocurrencies and publishing houses in an attempt to circumvent what they see as an increasingly liberal internet and media ecosystem. The …

The New York Times reports: The wine flowed. Donald Trump Jr. mingled with the guests. And Peter Thiel, the tech billionaire and host of the event, had a message for the well-heeled crowd: It was time to clean house. The fund-raiser at Mr. Thiel’s Miami Beach compound last month was for a conservative candidate challenging Representative Liz Cheney of Wyoming …

First, here’s some background on the source of this utterly brilliant music video: Neo Magazin Royale is a German satirical late-night talk show hosted by Jan Böhmermann. Produced in Cologne, it has been aired weekly on the ZDFneo channel since 31 October 2013. The show is made up of recurring segments that are either in-studio pieces moderated by Böhmermann (which …

The New York Times reports: Peter Thiel, one of the longest-serving board members of Meta, the parent of Facebook, plans to step down, the company said on Monday. Mr. Thiel, 54, wants to focus on influencing November’s midterm elections. Mr. Thiel sees the midterms as crucial to changing the direction of the country, this person said, and he is backing …

Politico reports: Tech billionaire Peter Thiel and Donald Trump Jr. are co-hosting a pair of January fundraisers for Wyoming Republican Harriet Hageman, the Trump-backed primary challenger running against GOP Rep. Liz Cheney, according to an invitation to be sent out to GOP donors Thursday. Thiel, a PayPal co-founder and early Facebook investor who has emerged as one of the most …

Politico Playbook reports: In August, former Trump Commerce Secretary Wilbur Ross and his wife Hilary Geary Ross sold their 10,000-square-foot home in Woodland-Normanstone for $13 million, according to D.C. tax records. It is the most expensive D.C. home sale of the last 12 months. The August deal was shrouded in mystery. The purchaser used an LLC called Salona Village Holdings …

Politico reports: Wyoming Rep. Liz Cheney’s primary challenger landed former President Donald Trump’s endorsement before she even officially launched her campaign. Now, she’s cashing big checks from Trump’s biggest donors — including tech billionaire Peter Thiel. Thiel has contributed the maximum-allowed, $5,800 check to Harriet Hageman, the Trump-endorsed attorney running against Cheney in next year’s Republican primary. Thiel, one of …