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PETER THIEL


3 days ago

Arizona GOP Senate candidates hold debate as negative ads overtake airwaves

Attorney General Mark Brnovich, businessman Jim Lamon and venture capitalist Blake Masters lobbed attacks in person as each campaign amped up attacks on TV.

cbsnews.com

Peter Thiel helped build big tech. Now he wants to tear it all down.

Inside the billionaire investor’s journey from Facebook board member to an architect of the new American right

washingtonpost.com

BlockFi, the Peter Thiel-backed crypto lending start-up, cuts 20% of its staff as bitcoin plunges

Popular crypto lender BlockFi is cutting around 20% of its staff after the "dramatic shift in macroeconomic conditions."

cnbc.com

Peter Thiel bitcoin fellow Erik Finman tries to sway 2022 midterms with up to $20 million for GOP campaigns

Erik Finman, 23, plans to donate $10 million toward GOP campaigns, including Saving Arizona PAC, which is backing Arizona GOP Senate candidate Blake Masters.

cnbc.com

Blake Masters perfects the right’s approach to racial politics

He blames Black Americans for gun violence as he laments the left's focus on race and disparages "critical race theory."

washingtonpost.com

Trump endorses investor Masters in Arizona Senate primary

(AP Photo/Michael Wyke) (Michael Wyke)PHOENIX — (AP) — Former President Donald Trump endorsed investor Blake Masters in Arizona's crowded U.S. Senate primary Thursday, giving his blessing to another acolyte of tech investor Peter Thiel after his nod helped “Hillbilly Elegy” author JD Vance secure the GOP nomination in Ohio. The winner of the Aug. 2 primary will take on Democratic Sen. Mark Kelly in one of this fall's most hotly contested Senate races. Masters, who grew up in Tucson and moved back to southern Arizona in 2018, was until recently a senior executive for Thiel’s investment firm and foundation. They went on to collaborate on the 2014 book, “Zero to One: Notes on Startups, or How to Build the Future,” and Masters went to work for Thiel. He rose to chief operating officer of Thiel Capital and president of the Thiel Foundation.

wftv.com

Trump backs Arizona candidate who echoes 2020 election lies

Donald Trump has endorsed investor Blake Masters in the crowded Republican Senate primary in Arizona.

Stocks making the biggest moves midday: Palantir, Rivian, Uber and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Trump, emboldened after Ohio victory, faces challenges ahead

Former President Donald Trump enters the next stretch of the midterm campaign emboldened by primary victories but facing new risks.

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What J. D. Vance’s Victory in the Ohio Republican Primary Means for Trumpism

The “Hillbilly Elegy” author will be a strong favorite in the race for the U.S. Senate, where he would become one of its youngest and most controversial members.

newyorker.com

Peter Thiel's luxury New Zealand lodge should be rejected, council planner says

Peter Thiel's proposed lodge in New Zealand hangs in the balance after a senior planner for the local council said the development should be rejected.

cnbc.com

Elon Musk told Alexandria Ocasio-Cortez 'stop hitting on me' after she posted a scathing tweet about a tech 'billionaire with an ego problem'

"I was talking about Zuckerberg but ok," Rep. Alexandria Ocasio-Cortez replied to Elon Musk in a now-deleted tweet.

news.yahoo.com

Millionaire candidates pour cash into Ohio, Pa. Senate races

Millionaire candidates and billionaire investors are harnessing their considerable personal wealth to try to win competitive Republican primaries for open U.S. Senate seats in Pennsylvania and Ohio.

Trump drawn to celebrity in weighing midterm endorsements

Republicans hoping to emerge from crowded primaries this year have spent tens of thousands of dollars hiring operatives with ties to former President Donald Trump.

Trump's Oz, Vance endorsements bring cash windfall, backlash

Former President Donald Trump’s late endorsements in hypercompetitive Republican Senate primaries in Ohio and Pennsylvania have unlocked a flood of support for his chosen candidates.

Why billionaires Mark Zuckerberg, Jeff Bezos and Peter Thiel want to live longer — and Elon Musk doesn't

Tech billionaires are investing in start-ups focused on anti-aging, life-prolonging and other forms of longevity research. Here's why Elon Musk isn't among them.

cnbc.com

Ron Insana: Peter Thiel's 'sociopaths' know something he doesn't

Thiel's highly personal attack on Buffett, Dimon and Fink does nothing to make the case for bitcoin.

cnbc.com

Peter Thiel calls Warren Buffett a 'sociopathic grandpa from Omaha' and bitcoin's 'enemy number one'

At a bitcoin conference in Miami, Peter Thiel went on a rant about financial opinion leaders who he says are trying to stop the cryptocurrency.

cnbc.com
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Trump’s Truth Social in trouble as financial, technical woes mount

Here’s a truth former president Donald Trump doesn’t want to hear: His social network, Truth Social, has begun to implode.

washingtonpost.com

Russia business deals muddy GOP US Senate primary in Ohio

Several Republicans competing for the party’s nomination to run for U.S. Senate in Ohio are facing scrutiny for their ties to Russia as the country intensifies its war against Ukraine.

Peter Thiel-backed crypto start-up BlockFi to pay $100 million in settlement with SEC, 32 states

BlockFi has agreed to pay $100 million to the Securities and Exchange Commission and 32 states to settle charges related to its retail crypto lending product.

cnbc.com

How a Young Couple Failed to Launder Billions of Dollars in Stolen Bitcoin

The case against Ilya Lichtenstein and Heather Morgan describes a big crime followed by a series of frustrations.

newyorker.com

Peter Thiel leaving board of Facebook parent Meta

MENLO PARK, Calif. — (AP) — Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of directors of Facebook parent company Meta. Thiel joined Facebook's board in 2005, a year after the company was founded and seven years before its made its debut on Wall Street. “Peter is truly an original thinker who you can bring your hardest problems and get unique suggestions," Meta CEO Mark Zuckerberg said in a statement. In a statement, Thiel said “It has been a privilege to work with one of the great entrepreneurs of our time. Mark Zuckerberg’s intelligence, energy, and conscientiousness are tremendous.”Copyright 2022 The Associated Press.

wftv.com

Peter Thiel leaving board of Facebook parent Meta

A Silicon Valley billionaire and advisor to former President Donald Trump is leaving the board of directors of Facebook parent company Meta.

Peter Thiel to step down from Facebook board

Thiel, an early Facebook investor, will not stand for re-election to the board at the company's 2022 annual stockholders' meeting.

cnbc.com

MoneyWatch: Stocks rise on last day of rough January

Stocks closed up for the last day of January but were down for the month. Sébastien Page, chief investment officer and head of Global Multi-Asset at T. Rowe Price, joined CBS News to discuss the markets.

news.yahoo.com

Investors Need to Get a Lot Smarter About FinTech

Rapid product rollouts, a slick user interface or innovative technology are often cited as key competitive advantages, but these are not strategies in themselves.

washingtonpost.com
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GOP senate candidates allege Facebook's Zuckerberg spent millions to 'buy the presidency' for Biden — but there's not much backing up the claim

Two high-profile Republican candidates for the U.S. Senate, both of them close to tech entrepreneur Peter Thiel, are supporting an effort to merge former President Donald Trump’s lies about a stolen 2020 election with accusations of meddling against Facebook CEO Mark Zuckerberg.

news.yahoo.com

Peter Thiel-backed psychedelic start-up increases stake in Compass Pathways

Atai Life Sciences, the Peter Thiel-backed psychedelic start-up, has increased its stake in Compass Pathways.

cnbc.com

J.D. Vance, an ally of tech investor Peter Thiel, made almost $1 million in the period before he launched his Ohio Senate campaign

"Hillbilly Elegy" author and venture capitalist J.D. Vance made almost $1 million in the buildup to his campaign for Ohio's Senate seat.

cnbc.com

Billionaires like Peter Thiel may be spared big IRA tax bill in latest Build Back Better plan

The latest Build Back Better plan issued Wednesday would exempt certain Roth IRA withdrawals from income tax, unlike an earlier version.

cnbc.com

Why Big Tech Wants (Some) Facial Recognition Rules

The world’s biggest technology companies can usually be counted on to oppose rules reining in new products, but some have been making an exception for facial recognition software. That’s not to say that any consensus has developed on this rapidly developing branch of artificial intelligence: The European Union and cities and states across the U.S. are taking up a wide range of ideas for restrictions or outright bans, including many that go further than the tech companies want. Globally, there’s

washingtonpost.com

Miami mayor seeks 2nd term as he raises national profile

Miami Mayor Francis Suarez is hoping to easily secure a second term Tuesday.

What Is It About Peter Thiel?

The billionaire venture capitalist has fans and followers. What are they looking for?

newyorker.com

Palantir's Peter Thiel thinks people should be concerned about surveillance AI

Tech billionaire Peter Thiel said this week that people should be more worried about "surveillance AI" than artificial general intelligences.

cnbc.com

Tech billionaire Peter Thiel says he ‘underinvested’ in bitcoin

Peter Thiel, the co-founder of PayPal and Palantir, reportedly said he feels like he's underinvested in bitcoin as the cryptocurrency reached an all time high.

cnbc.com
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Peter Thiel's luxury New Zealand lodge opposed by environmental group

Peter Thiel's proposed luxury lodge in New Zealand has been opposed by a local environmental group who believe it is "inappropriate" for the natural landscape.

cnbc.com

How a middle-class retirement plan became a tax dodge for the rich

The "backdoor" Roth IRA lets wealthy Americans amass fortunes virtually tax-free. Now lawmakers want to stop them.

cbsnews.com

Silicon Valley's quest to live forever could benefit humanity as a whole — here's why

A growing number of tech billionaires have decided they want to use their enormous wealth to try and help humans "cheat death."

cnbc.com

House Democrats' plan would prohibit individual retirement accounts from holding private equity, hedge funds

House legislation, part of a $3.5 trillion budget plan, would prohibit individual retirement accounts from holding investments for "accredited investors."

cnbc.com

Mark Brnovich leads big in Arizona GOP Senate primary: Poll

Mark Brnovich holds a commanding lead in the race for the Republican Senate nomination in Arizona, according to a new poll conducted for the super PAC supporting the state attorney general’s campaign.

news.yahoo.com

Billionaire Peter Thiel could be forced to pull $5 billion from his retirement account, if House bill passes

House Democrats are taking aim at mega-IRAs like that of billionaire Peter Thiel in tax legislation unveiled this week.

cnbc.com

The Silicon Valley wealthy have become super doomsday preppers by buying remote New Zealand properties, getting eye surgeries, and stockpiling ammo and food

Many are gearing up for uncertain times amid the pandemic and a divisive political climate. But none are preparing quite like society's wealthiest.

news.yahoo.com

House Democrats propose new retirement plan rules for the rich, including contribution limits and a repeal of Roth conversions

A proposal from House Dems would repeal Roth conversions in individual retirement accounts and 401(k)-type plans for those making more than $400,000 a year.

cnbc.com

UK government terminates one of its data-sharing contracts with Palantir

The U.K. government has terminated a controversial data-sharing agreement with U.S. tech firm Palantir following criticism from privacy campaigners.

cnbc.com
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Democrats may change the rules for ‘mega’ IRAs over $5 million

Democrats are considering a new type of required distribution based on the value of individual retirement accounts.

cnbc.com

Peter Thiel files plans to build luxury lodge, private home and meditation pod on New Zealand estate

Plans for the complex show several inconspicuous buildings that blend into the landscape on the shores of the picturesque Lake Wanaka.

cnbc.com

Peter Thiel-backed crypto broker Bitpanda triples valuation in five months to $4.1 billion

Cryptocurrency trading platform Bitpanda raised $263 million in a fresh round of funding valuing the company at $4.1 billion.

cnbc.com

Google billionaire Larry Page has been granted New Zealand residency

Larry Page, the billionaire Google co-founder, has been granted residency in New Zealand and spent time in the country during the pandemic.

cnbc.com

Google founder Larry Page gets New Zealand residency under special visa for uber-wealthy

"Investor Plus" visa lets new residents "bring your car, boat and household items to New Zealand, free of customs charges."

cbsnews.com

As multimillion-dollar IRAs grow, lawmakers vow to curb abuse of these accounts

Data for the 2019 tax year shows that 497 taxpayers have $25 million or more in aggregate IRA balances. Some lawmakers hope to curb use of those tax shelters.

cnbc.com

Peter Thiel floods 2022 GOP races with cash, makes candidates an easy target

Tech billionaire Peter Thiel is injecting huge sums into some crucial 2022 midterm contests — and drawing fire from Republicans eager to tie their rivals to the GOP's Silicon Valley bogeymen.Why it matters: Whether he's backing a candidate or being attacked by one, Thiel embodies the present GOP zeitgeist. His brand of nationalist conservatism mimics the party's Trump-era shift. Yet the fortune he's using to bankroll like-minded candidates derives from an industry reviled by much of that base.St

news.yahoo.com

Hillbilly Elegy author J.D. Vance announces Ohio Senate run

Hillbilly Elegy author J.D. Vance announces Ohio Senate run

news.yahoo.com

'Hillbilly Elegy' author JD Vance joins US Senate campaign

The venture capitalist and author of “Hillbilly Elegy” has joined the crowded Republican race for the Ohio U.S. Senate seat being left by Rob Portman.

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The ultra-wealthy have made full use of Roth individual retirement accounts. Here's how you can do the same

Some wealthy individuals amassed hundreds of millions — or even billions — of dollars in tax-sheltered Roth individual retirement accounts, a new report finds.

cnbc.com

Peter Thiel-backed psychedelic start-up's shares pop in Wall Street debut

The German biotech's initial public offering was priced Thursday night at $15 per share, the high end of the expected range.

cnbc.com

Citizen crime-tracking app, funded by Peter Thiel, scraps plans for on-demand police force

The company tested out giving users the ability to summon their own personal police force. This week it pulled the plug.

cbsnews.com

Peter Thiel is backing a rival to Elon Musk’s brain implant company

Palantir co-founder and venture capitalist Peter Thiel has invested in a company that's putting computer chips into people's heads in a bid to improve them in some way.

cnbc.com

The Rise of the Thielists

Has the Republican Party found its post-Trump ideology?

newyorker.com

'Hillbilly' to Capitol Hill? Author eyes Senate bid in Ohio

“Hillbilly Elegy” author J.

Secretive Palantir lifts veil before Wall Street stock sale

It cited revenues of $481 million for the first half of 2020, up 49% from the year-ago period. The document indicated that Denver-based Palantir will sell stock some time this year but did not specify a date. In the filing, Palantir said it believes current instability including systematic failures of government institutions to provide for the public present a growth opportunity for its business. Palantir initially filed for the stock sale confidentially on July 6. Under the stock listing, the documents say, control of Palantir will be concentrated with the companys founders through the designation of a new category of stock.

GOP leaders can't bank on Trump's help in Kansas Senate race

(AP Photo/John Hanna)HOLTON, Kan. Establishment Republican leaders are scrambling to pull out a win in a tense party battle for the nomination in the Kansas Senate race, and they won't be able to count on last-minute help from President Donald Trump. Trump's neutrality leaves the Kansas primary heading to a tight finish Tuesday under a barrage of attack ads from political action committees. Thats why the Senate race is so important in Kansas.Republican leaders have been trying to avoid a Kobach nomination for seven months, but the stakes have increased in recent weeks. The once-safe seat in a state where Republicans have won every Senate race since 1932 now looks shaky and a loss the GOP can't afford. In Kansas, Kobach has played up his ties to the president even without an endorsement.

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