Report: Peter Thiel cutting Trump loose because of COVID-19 crisis - Business Insider

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Report: Peter Thiel cutting Trump loose because of COVID-19 crisis - Business Insider
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Donald Trump's closest Silicon Valley ally, Peter Thiel, is reportedly abandoning him for his re-election campaign

Peter Thiel is backing away from supporting Trump's re-election campaign, sources told the Wall Street Journal.Sources said Thiel thinks Trump's re-election campaign is doomed to fail becuase of the economic damage done by the coronavirus pandemic.Donald Trump's most vocal supporter in Silicon Valley, Peter Thiel, has reportedly lost faith that Trump can win the 2020 election.

Thiel's comments were made during private conversations in recent weeks at his house in Hawaii, according to the Journal. Thiel cited the economic impact of the pandemic as a reason why Trump will struggle, as he believes the US will be in a deep recession with double-digit unemployment figures during campaigning.

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