Although some of the most influential technology billionaires support Trump, many employees of large technology companies overwhelmingly support Democratic presidential candidate Harris.$Amazon (AMZN.US)$And.$Microsoft (MSFT.US)$According to data compiled by OpenSecrets, employees of companies like Alphabet have donated millions of dollars to Harris' campaign, far exceeding the amount donated to Trump's camp.
The November 5th US presidential election has divided Silicon Valley. Despite some of the most influential technology billionaires supporting the GOP presidential candidate Donald Trump, many employees of large technology companies overwhelmingly support Democratic presidential candidate Kamala Harris.
According to data compiled by the US political fund tracking organization OpenSecrets, companies like Alphabet have donated millions of dollars. $Amazon (AMZN.US)$ and $Microsoft (MSFT.US)$ The employees of the company donated millions of dollars to Harris' campaign, far exceeding the amount donated to the Trump campaign. These data cover donations from company employees, bosses, and direct relatives of employees and bosses.
However, billionaires in the technology industry such as Elon Musk, co-founder of the venture capital firm Andreessen Horowitz, and Ben Horowitz support Trump, citing his positions on the economy, taxation, and big business.$Tesla (TSLA.US)$However, billionaires in the technology industry such as Elon Musk, co-founder of the venture capital firm Andreessen Horowitz, and Ben Horowitz support Trump, citing his positions on the economy, taxation, and big business.
On the other hand, prominent venture capitalists Reid Hoffman and entrepreneur Mark Cuban, among other tech giants, have pledged their support for Harris' presidential campaign because they hope to see more worker abortion rights and pro-tech policies.
The divisions within Silicon Valley are worth noting. The US tech industry has traditionally leaned towards supporting the Democratic Party. In August of this year, over 100 venture capitalists expressed their support for Harris in a letter. Harris has long been seen as supportive of business and technological innovation.
Silicon Valley used to be a stronghold of democracy and liberalism. However, in recent years, some tech leaders have become angry about the Democratic presidential candidate Joe Biden's business policies, including his widespread attacks on mergers and his impact on data privacy.
According to US campaign finance laws, companies themselves cannot directly donate to federal campaign activities, including presidential campaigns. However, companies often donate to congressional and state-level campaigns through political action committees, which are funded by employee donations.
Specifically, according to OpenSecrets data, employees and their relatives of Alphabet and its subsidiaries (including Google) have donated $2.16 million to the Harris team so far, nearly 40 times that of the Trump team.
Employees and relatives of Amazon and Microsoft have donated $1 million and $1.1 million, respectively, to the Harris team. In comparison, the amount donated to the Trump team is only $0.116 million and $88,000.
Employees and relatives of Meta have currently donated $0.835 million to the Harris team, while the amount donated to Trump is only $0.025 million. Apple employees and relatives have donated $0.861 million and $44,000 to the Harris and Trump teams, respectively.
Editor/Rocky