Instead, Wall Street and Silicon Valley money is flowing into his re-election campaign following the ruling.
“This verdict will have less than zero impact on my support,” Omeed Malik, the president of 1789 Capital and a co-host of a Trump fund-raiser last night at the Pierre hotel, told Bloomberg.
“I haven’t heard anybody who gives a …,” he told CNBC of the conviction, using an expletive.
Some big Silicon Valley names are doubling down.
One who did is Shaun Maguire, a partner at Sequoia Capital, who gave $300,000 to the Trump campaign after the ruling, even though he acknowledged the decision could cost him friends and hurt business.
Persons:
Donald Trump, ” Omeed Malik, Andy Sabin, ”, Biden, Bill Ackman, Trump, David Sacks, Shaun Maguire
Organizations:
Republican, Pierre, Bloomberg, CNBC, Trump, Sequoia Capital
Locations:
Silicon, San Francisco