Saturday, 28 Jun 2025
  • Contact
  • About Us
New York Interest
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Font ResizerAa
New York InterestNew York Interest
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Search
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Have an existing account? Sign In
Follow US
Copyright © 2024 NewYork Interest. All Rights Reserved.
New York Interest > Blog > Business > Reid Hoffman givesKamala Harris $7M, urges she fire Lina Khan
Business

Reid Hoffman givesKamala Harris $7M, urges she fire Lina Khan

NewYork Interest Team
Last updated: July 26, 2024 1:37 am
NewYork Interest Team
Share
Reid Hoffman givesKamala Harris M, urges she fire Lina Khan
SHARE



LinkedIn co-founder Reid Hoffman reportedly donated $7 million to Vice President Kamala Harris — and then promptly demanded that she fire Federal Trade Commission chair Lina Khan.

Hoffman — who sparked controversy for saying he wished Donald Trump was an “actual martyr” days before the July 13 assassination attempt on the former president — claimed the presumptive Democratic nominee would be “much more pro-business” than Trump.

“Trump wants tariffs, which is anti-business,” Hoffman told CNN on Wednesday.. “[That] makes this a very strange election indeed.”

Billionaire LinkedIn co-founder Reid Hoffman has reportedly donated $7 million to Vice President Kamala Harris’ presidential campaign. Getty Images for WIRED25

The tech billionaire also took aim at Khan, the progressive FTC chair who has targeted Big Tech firms for alleged anti-competitive practices.

Amazon, Facebook parent company Meta, Alphabet-owned Google and Apple have all faced intense scrutiny from the Biden administration.

Hoffman accused Khan of “waging war on American business” and said he hoped Harris would replace Khan if she wins the presidential elections this November.

Hoffman said he was backing Harris despite her intent to raise the corporate tax rate as well as the Biden administration’s decision to keep some of Trump’s tariffs in place.

“I think what’s most important for business is stability of a country, unity, rule of law,” Hoffman told CNN.

“A percent difference in corporate tax of 2% or 3% is far, far less important.”

Hoffman reportedly wants Harris to fire Lina Khan as chair of the Federal Trade Commission. REUTERS

“Chair Khan is honored to serve in the Biden Harris administration, where she has protected consumers, workers, and entrepreneurs from illegal conduct and corporate abuse,” Douglas Farrar, an FTC spokesperson, said in a statement.

“From banning junk fees and noncompete agreements to lowering prices for essentials like groceries, gas, and health care, Chair Khan has been a leader on the Biden Harris team’s fight to help working families across the country.”

The Post has sought comment from Hoffman and Harris.

Harris has become the Democratic Party’s standard bearer after President Joe Biden dropped out of the race with less than four months to go before Election Day.

Billionaire LinkedIn founder Reid Hoffman gave $7 million to the Harris campaign.

Then he went on TV demanding she fire FTC Chair Lina Khan, who leads the Biden admin in suing companies like Amazon, stopping megamergers, and protecting workers.

Harris must reject his demand. pic.twitter.com/gcw8bMA9us

— More Perfect Union (@MorePerfectUS) July 25, 2024

The stunning decision came after hand-wringing from Dem donors and party leaders following Biden’s debate debacle, where his mental acuity came into question.

Earlier this week, CNBC’s Jim Cramer predicted that if Harris were to win the White House, she would get rid of Khan as well as Jonathan Kanter, the assistant attorney general who heads the antitrust division at the Justice Department.

Hoffman, 56, has frequently given to Democratic dark-money groups, including the Hopewell Fund, a nonprofit which is managed by Arabella Advisors, described as “a secretive dark money juggernaut.”

Arabella Advisors spent more than $1 billion to propel Biden to the White House in 2020.

The day after the Trump assassination attempt, Hoffman tried to clean up the inflammatory remarks he made the previous week while telling at the Allen & Company Sun Valley Conference.

Harris is set to win the Democratic Party nomination after President Joe Biden announced he would not seek re-election. AFP via Getty Images

Hoffman said he and fellow tech entrepreneur Peter Thiel had a falling out due to a “moral issue” — Thiel’s backing of Trump, according to Puck News.

Thiel, who was in the audience at the panel, spoke up and sarcastically thanked Hoffman for putting money behind lawsuits against Trump, saying the legal action had turned the 45th president into a “martyr.”

“Yeah, I wish I had made him an actual martyr,” Hoffman reportedly replied.

Hoffman is no stranger to controversy.

Hoffman claimed that Harris more “pro-business” than former President Donald Trump (left) and his running mate, Sen. JD Vance (R-Ohio). Annabelle Gordon – CNP / MEGA

He had to push back on ties to convicted pedophile Jeffrey Epstein.

In 2014, Hoffman paid a single visit to Epstein’s Caribbean compound on Little St. James — also now known as “pedophile island,” where Epstein and gal pal Ghislaine Maxwell allegedly abused underage girls, the Wall Street Journal reported.

He said he was trying to convince Epstein to make a donation to the Massachusetts Institute of Technology. Epstein died in jail in 2019 while awaiting trial on sex trafficking charges.



Share This Article
Facebook Twitter LinkedIn Email Copy Link Print
Previous Article AI comes to the Olympics: In Paris, new tech will change your view of the Games AI comes to the Olympics: In Paris, new tech will change your view of the Games
Next Article Parts of popular tourist town Jasper ‘burned to the ground’ by wildfires in Canada: ‘Significant loss’ Parts of popular tourist town Jasper ‘burned to the ground’ by wildfires in Canada: ‘Significant loss’

Your Trusted Source for Accurate and Timely Updates!

Our commitment to delivering trending news consistently has earned us the trust of a vast audience! Stay ahead with real-time updates on the latest events & trends by following us on social media.
FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
LinkedInFollow

Popular Posts

Oklahoma superintendent Ryan Walters orders schools to promote patriotism after student told to remove US flag from truck

Oklahoma State School Superintendent Ryan Walters told the Fox News Channel that his school district…

By NewYork Interest Team

NBA 2024-25 schedule release: 35 games I’m looking forward to this season

I’ll admit I had my doubts the NBA could do it again. Ultimately, I knew…

By NewYork Interest Team

Ex-Google CEO blames ‘work from home’ for tech giant lagging in AI race

Former Google CEO Eric Schmidt blamed Google’s work-from-home policy as the reason why the tech…

By NewYork Interest Team

You Might Also Like

Sam’s Club joins Thanksgiving meal deal wars with feast for less than 0
Business

Sam’s Club joins Thanksgiving meal deal wars with feast for less than $100

By NewYork Interest Team
Google ‘manipulating search results’ ahead of 2024 election: Missouri AG
Business

Google ‘manipulating search results’ ahead of 2024 election: Missouri AG

By NewYork Interest Team
Two more LA Times editors quit after owner stops Kamala Harris endorsement
Business

Two more LA Times editors quit after owner stops Kamala Harris endorsement

By NewYork Interest Team
JPMorgan’s Jamie Dimon won’t join Kamala Harris or Donald Trump administrations: source
Business

JPMorgan’s Jamie Dimon won’t join Kamala Harris or Donald Trump administrations: source

By NewYork Interest Team
New York Interest
Facebook Instagram Twitter Tiktok Youtube Linkedin

About US

New York Interest: Your go-to source for the latest news, events, and insights about New York. We are dedicated to providing in-depth coverage and captivating stories that highlight the essence of the city that never sleeps.

Categories
  • Local News
  • Business
  • Sports
  • Tech
  • Music
Useful Links
  • Contact
  • About Us
  • Privacy Policy
  • Terms & Conditions

Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Copyright © 2024 New York Interest. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?