Facebook co-founder shells out $20 million to defeat Donald Trump
Donald Trump has pushed Facebook co-founder Dustin Moskovitz to make his first-ever political donation. In an article published Friday on Medium, Moskovitz announced that he and his wife Cari Tuna are donating $20 million to Democratic Party organizations to help ensure Trump and the Republican Party's "zero-sum vision" doesn't see a victory in November. "So, for the first time, we are endorsing a candidate and donating," Moskovitz wrote. "We hope these efforts make it a little more likely that Secretary Clinton is able to pursue the agenda she's outlined, and serve as a signal to the Republican Party that by running this kind of campaign — one built on fear and hostility — and supporting this kind of candidate, they compel people to act in response."
The $20 million will go to organizations including the Hillary Victory Fund, the Democratic Senatorial Campaign Committee, the Democratic Congressional Campaign Committee, the League of Conservation Voters Victory Fund, and For Our Future PAC. "This decision was not easy, particularly because we have reservations about anyone using large amounts of money to influence elections," Moskovitz wrote. "That said, we believe in trying to do as much good as we can, which in this case means using the tools available to us (as they are also available to the opposition)."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Why it’s important to shop around for a mortgage and what to look forThe Explainer You can save big by comparing different mortgage offers
-
4 ways to save on rising health care costsThe Explainer Health care expenses are part of an overall increase in the cost of living for Americans
-
How to financially prepare for divorceThe Explainer Facing ‘irreconcilable differences’ does not have to be financially devastating
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting