Trump

Silicon Valley’s pro-Trump VCs and founders once donated millions to Trump. They’ve gone quiet after last week’s insurrection on Capitol Hill.

Sequoia’s Doug Leone donated over $100,000 to Trump’s 2020 election efforts and also donated to Josh Hawley’s 2018 Senate campaign, public records show. As other pro-Trump business people and tech CEOs condemn last week’s Capitol Hill insurrection, Leone has remained quiet, alongside other, deep-pocketed Trump supporters in Silicon Valley. The Capitol Hill riots have renewed … Read more

Trump to give TikTok’s Chinese owner 45 days to agree sale

US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft. But following a discussion between Trump and Microsoft CEO Satya Nadella, the … Read more

U.S. economy shrank at record-breaking 33% rate last quarter

By far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7 %, the government said Thursday. The Commerce Department’s estimate of the second-quarter decline in the gross domestic product, the total output of goods and services, marked the … Read more