Australian urban planning, public transport, politics, retrocomputing, and tech nerd. Recovering journo. Cat parent. Part-time miserable grump.

Cities for people, not cars! Tech for people, not investors!

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Cake day: November 5th, 2022

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  • @politics There’s more…

    “Rebekah Mercer, the 47-year-old daughter of major Republican donor Robert Mercer, is a founding investor of Parler. She increasingly pulls the strings at the company, according to people familiar with the company who spoke on the condition of anonymity to discuss private business matters. She holds the majority stake in Parler and controlled two of three board seats as of early February — a board to which she recently appointed allies.”

    https://www.washingtonpost.com/technology/2021/02/24/parler-relaunch-rebekah-mercer/

    "Prominent conservative venture capitalists including Peter Thiel and J.D. Vance are investing in free speech-oriented video streaming site Rumble Video, the company said Wednesday.

    “The deal, first reported by the Wall Street Journal, marks PayPal and Palantir co-founder Peter Thiel’s first investment in a social media company since he bought a large stake of Facebook as an early investor in 2004. It also means that Thiel is supporting a competitor to Facebook while he sits on Facebook’s board.”

    https://nypost.com/2021/05/19/facebook-director-peter-thiel-invests-in-conservative-rival-rumble/

    "Last year, Rumble received a major investment from a venture capital firm co-founded by J.D. Vance, the Republican Senate candidate in Ohio. The firm, Narya Capital, got a seat on Rumble’s board, and its more than seven million shares place it among the company’s top 10 shareholders, according to securities filings. Mr. Vance also took a personal Rumble stake worth between $100,000 and $250,000, his financial disclosures show.

    "Narya is backed by the prime patron of Mr. Vance’s Senate campaign, the billionaire venture capitalist Peter Thiel. And it was Mr. Thiel who played a leading role in Narya’s Rumble investment last year, becoming what the platform’s chief executive described as its first outside investor.

    “The investment fits into an enduring narrative of Mr. Thiel, who has expressed skepticism of democracy and advocated keeping the airwaves open for hard-right voices since his student days at Stanford.”

    https://www.nytimes.com/2022/10/31/us/politics/jd-vance-peter-thiel-rumble.html

    "Peter Thiel didn’t just wake up one day with a net worth of roughly $4.9 billion.

    "His claims to fame largely start as the don of the PayPal Mafia — a nickname embraced by PayPal’s slate of co-founders, which also included Elon Musk. Though the digital banking service raised just $3 million in venture capital on its launch in 1999, PayPal was ultimately sold in 2002 for $1.5 billion. Thiel’s 3.5% stake brought him an estimated $55 million which he used to start his empire.

    “Then there was the $500,000 “angel investment” he gave Mark Zuckerberg in 2005. That 10.2% stake in Facebook turned into more than $1 billion in 2012.”

    https://www.salon.com/2023/03/27/what-does-peter-thiel-want-hes-building-the-right-wing-future-piece-by-piece/