Reid Hoffman pauses Nikki Haley funding after New Hampshire loss, source says
Reid Hoffman pauses Nikki Haley funding after New Hampshire loss, source says

Republican presidential candidate, former U.N. Ambassador Nikki Haley, speaks throughout a marketing campaign occasion held on the Alpine Grove Event Center on January 18, 2024, in Hollis, New Hampshire.

Joe Raedle | Getty Images

Billionaire Reid Hoffman just isn’t planning to present any extra money to Nikki Haley‘s candidacy for president, in response to an individual accustomed to the matter.

Hoffman, who has for years primarily financed causes in step with the Democratic Party, gave $250,000 to a pro-Haley tremendous PAC final yr, in response to The New York Times. The one who advised CNBC that Hoffman did not have fast plans to assist Haley once more declined to be named in an effort to converse freely in regards to the matter.

Hoffman, a co-founder of LinkedIn, wrote on his web page in December that whereas he’s a supporter of President Joe Biden, he believed that Haley had the very best likelihood at beating former President Donald Trump within the Republican main.

“If America is to keep away from one other Trump presidency, it will likely be as a result of Trump loses an election subsequent yr. If he’s to lose, it would both be to Nikki Haley within the main, or Joe Biden within the basic,” Hoffman wrote. He famous that he gave to the tremendous PAC after listening to JPMorgan CEO Jamie Dimon, who advised a crowd of enterprise leaders on the DealBook convention to assist Haley.

Reid Hoffman

Kim White | CNBC

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That calculus for Hoffman seems to have modified as Haley misplaced the Iowa caucus and New Hampshire main to Trump. Hoffman is considered one of Haley’s first rich donors to begin heading for the exits as she tries to stay within the main race in opposition to Trump.

A Republican fundraiser advised CNBC on Wednesday that three purchasers who every helped Haley increase as much as $100,000 for her marketing campaign are actually opting out of aiding the previous U.N. ambassador.

Others defined that whereas they plan to talk out publicly in assist of Haley, they don’t seem to be satisfied they’re going to be capable to increase a lot cash for her marketing campaign since she’s winless to this point within the main season.

Trump is up by 30 proportion factors over Haley in her dwelling state of South Carolina, in response to a Real Clear Politics polling common.

Hoffman, who has a internet value of simply over $3 billion, didn’t reply to an e mail searching for remark.

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