Reid Hoffman, co-founder of LinkedIn, has recently gained attention for his significant financial contributions to Democratic causes and initiatives opposing former President Donald Trump.
A new report by Restoration of America draws parallels between Hoffman and George Soros, another well-known left-wing billionaire. Both have been noted for their substantial funding toward Democratic activism and candidates.
The report from Restoration of America, titled “The Soros Of Silicon Valley: Reid Hoffman’s Millions For Democrat Activism,” alleges that Hoffman’s financial contributions are aimed at politically damaging Donald Trump. Hoffman’s involvement in political funding is not limited to anti-Trump initiatives. In 2023, he donated $4 million to the Republican Accountability PAC, which seeks to distance the Republican party from Trump. Additionally, in 2020, Hoffman contributed $1.5 million to Unite the Country, a PAC supporting Joe Biden’s presidential campaign against Trump.
Hoffman’s backing extends to Integrity First for America, an anti-Trump organization. This group provided $620,000 to the legal defense fund of Fusion GPS, the firm behind the controversial Steele dossier alleging Russian election interference with Trump’s cooperation. The Open Society Policy Center, supported by Soros, contributed $140 million to nonprofit groups in 2021. Soros himself donated over $128 million to Democratic causes in the 2022 midterm election cycle.
In 2021, Hoffman and Soros collaborated to fund Good Information Inc., aiming to invest in and scale new business models for distributing trusted information. However, Hoffman’s political activities have not been without controversy. He apologized in December 2018 for funding a disinformation project during the 2017 Alabama special election, which involved creating false online personas.
The report also highlights Hoffman’s ties to Jeffrey Epstein, noting his visits to Epstein’s island and interactions with the disgraced financier. Despite these connections, Hoffman has been an advocate against sexual predators, particularly during the #MeToo movement, calling for a “decency pledge” in the venture capital industry.
Hoffman’s financial support extends to legal matters as well. He bankrolled E. Jean Carroll’s rape lawsuit against Trump, as asserted by Trump’s lawyers in a letter to Judge Lewis Kaplan. The report from Restoration of America concludes by comparing the philanthropic approaches of historical figures like Henry Ford and Andrew Carnegie to the current political activism funded by billionaires like Hoffman.
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