Tech billionaire Peter Thiel has been an ardent supporter of Donald Trump, but according to a new report, his confidence in the president may be diminishing.
But according to a recent report from BuzzFeed News, his support for the president may be wavering.
At a May event in San Francisco, Thiel reportedly used one word to describe the new administration: "incompetent."
"There's a 50% chance this whole things ends in disaster," Thiel told a private gathering of friends in January, according to the BuzzFeed News report.
The comments are a change in tone for Thiel, who had been a dogged Trump supporter. He first tied himself to the then candidate in May of last year, when he was chosen as California's delegate for the Republican National Convention.
During a speech to the convention, he urged voters to back Trump. He also donated $1.25 million to the campaign, and served on Trump's transition team after his election, helping appoint people to the White House's science and tech teams.
Thiel has long been known as a contrarian in largely liberal Silicon Valley. After co-founding PayPal and leading it through a successful initial public offering and sale to eBay, he made a name for himself as an investor, successfully placing early winning bets on companies like Facebook and SpaceX.
When contacted by BuzzFeed News, Thiel, through a spokesperson, did not deny the quotes his friends told the outlet he made. But he said he continued to support the president.
"The night he won the election, I said President Trump would face an awesomely difficult task," Thiel told BuzzFeed News in a statement. "Today it's clear that resistance to change in Washington, D.C. has been even fiercer than I anticipated. We still need change. I support President Trump in his ongoing fight to achieve it.”
You can read the whole BuzzFeed News report here.
Tech billionaire Peter Thiel has been an ardent supporter of Donald Trump, but according to a new report, his confidence in the president may be diminishing. Read Full Story
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