New Delhi: Over the past year, Elon Musk provided steady financial support for the former President Trump’s 2024 presidential campaign. With only a week left for the elections on Nov. 5, Musk’s total investment into Trump’s 2024 election campaign has blossomed to an unprecedented $132 million dollars. Musk’s contributions have flowed through America PAC, a super political action committee formed by Musk to advance Trump’s bid for presidency. Through these contributions, Musk has positioned himself as a key player in American politics and a prominent figure in the Republican ranks. Musk is set to gain a strong influence on shaping the federal policies and the immediate future of America.
The America Pac, has played a crucial role in the voter mobilization in key American swing states. The American PAC has invested heavily into on-ground operations aimed at improving voter turnout and registering voters to ensure the maximum success for Trump leading up to the elections. The investments have been focused on improving Trump’s popularity and appeal among a specific voter demographic of young men.
So far, the committee has ran digital ad campaigns to reach disengaged and undecided voters and encourage voters to vote early or sign up for mail in ballots. The committee has also utilized traditional methods of door-to-door canvassing and direct mail campaigns to boost Trump’s success in key battleground states like Arizona, Pennsylvania and Michigan. The most remarkable aspect of the PAC’s strategy has been the $1 million dollar daily giveaway to registered voters that sign online petitions supporting the First and the Second Amendments of the American constitution.
Musk’s steady financial support has enabled to keep Trump’s campaign afloat, however, many are raising ethical and moral concerns over Musk’s involvement in American politics. It is not like business and politics have never shook hands before but the scale and the manner in which it is being done during this election cycle it of an unseen scale.
Robinhood launches contracts for betting
This week, Robinhood, an American stock trading app, offered its users contracts to bet on the results of the American Election. It is the first time Robinhood will provide a limited number of users, who must be American citizens, to profit from betting on the presidential race between vice-president Kamala Harris and former President Donald Trump. Robinhood shares rallied by 4 percent upon the announcements that stirred excitement among users who demanded the introduction of event derivatives that enabled traders to buy and sell contracts on the basis of the outcomes of certain significant events like elections, geopolitical tensions and national policy changes.
Washington Post loses 2 lakh subscribers
Washington Post, owned by Amazon founder Jeff Bezos, lost 2 lakh subscribers after its organizational decision of not endorsing any candidates for the upcoming 2024 American elections. The newspaper’s editorial wanted to endorse the Democrats presidential pick Kamala Harris, however, publisher Will Lewis opined that picking a candidate is an individual decision and must be left unto the readers to decide for themselves. The organization wanted to remain unbiased as favoring a candidate often “tip the scale” and “create a perception of bias” in favor of the candidate, according to a statement released by Jeff Bezos supporting the organization’s decision to remain neutral. Bezos backed the decision even further by considering it “principled” and “right.”
