Donald Trump's closest Silicon Valley ally, Peter Thiel, is reportedly abandoning the president's re-election campaign

• Peter Thiel is backing away from supporting Trump's re-election campaign, sources told the Wall Street Journal.
• Thiel has been Trump's most high-profile ally in Silicon Valley.
• Sources said Thiel thinks Trump's re-election campaign is doomed to fail becuase of the economic damage done by the coronavirus pandemic.
• Visit Business Insider's homepage for more stories.

Donald Trump's most vocal supporter in Silicon Valley, Peter Thiel, has reportedly lost faith that Trump can win the 2020 election.

Sources told The Wall Street Journal the Paypal cofounder has said he will not participate in this year's re-election campaign like he did in 2016, because he thinks it's increasingly unlikely Trump can win.

See the rest of the story at Business Insider

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See Also:

• An employee at Mark Zuckerberg's philanthropic initiative reportedly demanded that he resign as its leader or from Facebook if he didn't moderate inflammatory Trump posts
• HHS is paying Peter Thiel's Palantir $24.9 million to track coronavirus. Lawmakers want to know if it's using that data to help ICE deport people.
• Bill Gates dismisses Trump's claim that COVID-19 cases are rising only because of increased testing as 'completely false'

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