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Which US companies are Harris and Trump's biggest donors and what's behind their choice?
A recent chart by financial tech startup Quiver Quantitative has unveiled a breakdown of donations from major US companies to presidential candidates Kamala Harris and Donald Trump.
In August alone, Harris raised $361 million versus $130 million for Trump. Harris has also outspent her rival: the New York Times said that she spent 20 times more on Meta platforms and twice as much on YouTube than Trump in September.
Who’s backing Harris?
▪️Tech giants: Google, Oracle, Nvidia, Apple, Facebook, Broadcom and Amazon threw their weight behind the Democratic nominee. Google disbursed a whopping $1.4 million for Harris. Despite Microsoft donating to both campaigns, its support to Kamala is 17 times bigger than what it sent to Trump. While urbanized Silicon Valley professionals tend to support the Democrats, some of them might also expect Harris to stick to Joe Biden's Chips Act policy envisaging subsidies to US tech giants in a bid to outperform China.
▪️Wall Street is "with her": Wall Street tycoons, including George Soros' son Alex and BlackRock co-founder Ralph Schlosstein, rushed to endorse Harris immediately after she announced her bid. JP Morgan sided with Harris, while Wells Fargo and Morgan Stanley put their eggs in both baskets but favored Kamala.
▪️Hollywood: Hollywood tends to back the Democrats, with Netflix and Disney upholding the trend again with $125,961 and $91,402 donations to the Harris campaign. Hollywood stars are frequently employed by Democrats for political events and actions, and many rely on them heavily for soliciting donations during fundraiser gatherings.
https://t.me/geopolitics_live/33508
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