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In Silicon Valley’s new political moment, four billionaires in particular — LinkedIn founder Reid Hoffman, Facebook co-founder Dustin Moskovitz, philanthropist Laurene Powell Jobs, and former Google CEO Eric Schmidt — have the most ambitious plans, according to Recode’s interviews with over 20 donors and operatives.
The chess moves of this power set are instrumental to fulfilling Democrats’ — and much of Silicon Valley’s — four-year quest to oust Donald Trump.
And yet each of these billionaires is moving their pieces with varying levels of secrecy, and often with minimal disclosure, scrutiny, or accountability.
Tech billionaires are plotting sweeping, secret plans to boost Joe Biden
David G. Bradley, the chairman and owner of Atlantic Media, is announcing this morning that he is selling a majority stake in The Atlantic to Emerson Collective, an organization led by philanthropist and investor Laurene Powell Jobs.
Bradley will retain a minority stake in The Atlantic and will continue as chairman and operating partner for at least three to five years. In a letter to his staff, Bradley wrote that Emerson Collective will most likely assume full ownership of The Atlantic within five years.
Emerson Collective Acquires Majority Stake in The Atlantic
Investor and philanthropist Laurene Powell Jobs will share ownership of the magazine with David Bradley
A technocracy is an ideology or form of government wherein decision-makers are chosen for office based on their technical expertise and background. A technocracy differs from a traditional democracy in that individuals elected to a leadership role are chosen through a process that emphasizes their relevant skills and proven performance, as opposed to whether or not they fit the majority interests of a popular vote. The individuals that occupy such positions in a technocracy are known as 'technocrats.'
. For example, in a capitalistic economic technocracy, there may be arguments that the system of governance is structured to on support and further the means of the wealthiest citizens while oppressing workers.
✅ Billionaire philanthropist Laurene Powell Jobs, the majority owner of The Atlantic, has donated over $1.2 million to former Vice President Joe Biden and other Democratic candidates and groups since 2019, Federal Election Commission records show.
✅ Powell Jobs owns a 70% stake in The Atlantic, and she reportedly communicates often with its editor-in-chief, Jeffrey Goldberg.
✅ Goldberg published an anonymously-sourced story Thursday alleging that President Donald Trump had denigrated fallen American soldiers.
Daniel Fried is a distinguished fellow at the Atlantic Council. He was previously the coordinator for sanctions policy at the State Department in the Obama administration.
Jasmine M. El-Gamal is a nonresident senior fellow at the Atlantic Council and a former Middle East adviser at the Department of Defense. She is a co-founder of Only Through US, a nonprofit that counters fear-based policies following terror attacks.
Uri Friedman is the managing editor at the Atlantic Council and a contributing writer at The Atlantic. He was previously a staff writer and the Global editor at The Atlantic, and the deputy managing editor at Foreign Policy magazine.
Sean McFate is a senior fellow at the Atlantic Council and the author of the novel Deep Black.
Matthew Kroenig is the author of The Return of Great Power Rivalry: Democracy Versus Autocracy From the Ancient World to the U.S. and China, a professor of government and foreign service at Georgetown University, and the deputy director of the Scowcroft Center for Strategy and Security at the Atlantic Council.