How Big Tech is Taking Over American Politics

The role of tech and social media giants in the 2024 Race

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Is Silicon Valley Hacking the 2024 Election?

  • The lines between Silicon Valley and Washington D.C. are blurring.

  • Tech giants and social media platforms are emerging as new kingmakers in American politics.

  • They use algorithms and user data as weapons of choice to control narratives.

Good Morning. Starting this week, we'll cover one major policy issue each week. We'll analyze where each candidate - Trump, Kamala, and RFK Jr. - stands on it.

This week we’re covering how tech and social media giants are shaping American politics and the 2024 US Presidential race.

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 GEN & Kartik

The political power play of tech and social media platforms:

TikTok’s Invisible Hand

TikTok, the Chinese-owned app, is at the center of a political controversy. It is due to its data collection and content promotion practices:

TikTok's influence could affect political trends and voter behavior, beyond just individual users.

Google's Search Suppression Scandal

This controversy highlights the immense power of search engines. They control access to information and shape public perception.

Meta's Political Pivot

Meta, the parent company of Facebook and Instagram, has a new approach to managing political content on its platforms:

Meta says this approach is based on user preferences. But, it raises questions about social media's role in facilitating political discourse, especially in an election year.

The Billionaire Backstage: Tech Moguls Funding the 2024 Race

Behind the scenes, tech billionaires are playing big in funding political campaigns. Their financial contributions could have a major impact on the election's outcome.

Trump's Silicon Valley Surge

Despite previous tensions with Silicon Valley, Trump's 2024 campaign has seen an influx of support from tech leaders:

  1. Elon Musk: The Tesla and SpaceX CEO has pledged a staggering $45 million per month to a Trump-aligned super PAC, America PAC.

  2. Peter Thiel: While not committing to a specific amount, Thiel's influence remains significant, particularly in Trump's selection of J.D. Vance as his running mate.

  3. David Sacks, Marc Andreessen, Ben Horowitz: These tech giants are all donating to America PAC, but the amounts are undisclosed.

  4. Joe Lonsdale, Cameron, and Tyler Winklevoss: Cryptocurrency moguls throwing their support behind Trump.

Tech Titans Behind Kamala

On the Democratic side, Vice President Kamala Harris has gained support from powerful tech figures. This follows President Biden's decision not to seek reelection:

  1. Sheryl Sandberg: The former Meta COO has publicly endorsed Harris.

  2. Reid Hoffman: The LinkedIn co-founder called Harris the "right person at the right time."

  3. Vinod Khosla: Initially hesitant, the venture capitalist has shifted to support Harris.

  4. Reed Hastings: The Netflix co-founder committed $7 million to a super PAC supporting Harris.

  5. George Soros and Alex Soros: Both have endorsed Harris, though exact donation amounts are undisclosed.

Our Thoughts

  • The 2024 Presidential Race is set to be a defining moment, not just for the candidates but for the role of technology in democracy.

  • Tech x politics poses new challenges and opportunities for democracy, with issues like content moderation, campaign financing, data privacy, and foreign interference.

  • As citizens and voters, staying informed and critically evaluating the information we consume online has never been more crucial.

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