LinkedIn co-founder Reid Hoffman considers leaving US after Trump win: Report

Hoffman had helped finance a defamation lawsuit filed by former New York magazine writer E. Jean Carroll against Trump which got her $83.3 million in damages

Published on: Dec 3, 2024, 18:20:39 IST

By HT News Desk

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Reid Hoffman, the billionaire co-founder of LinkedIn, is considering leaving the US after the victory of Republican candidate Donald Trump in the recent US elections, reported The New York Post.

Reid Hoffman, co-founder of Linkedin and venture capitalist, arrives at the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho. (Reuters)

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Why did Reid Hoffman think of leaving the US?

This is out of fear that Donald Trump may use his power in the White House to seek retribution against his political enemies, according to the report.

Hoffman had been a vocal supporter of Vice President Kamala Harris’ failed campaign as well as a Democratic Party mega-donor. He gave as much as $10 million to her campaign.

Hoffman had said he wished Donald Trump was an “actual martyr” in the failed assassination attempt.

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The most important contributing factor to Hoffman's fears is, however, related to the fact that he had also helped finance a defamation lawsuit filed by a former New York magazine writer named E. Jean Carroll against Trump.

What was the lawsuit against Trump by Jean Carroll about?

This was after the jury found Trump liable for sexually abusing Carroll in 1996 for which she was to be given $5 million in damages.

Afterwards, another judge ordered Carroll to be given another $83.3 million in damages for defamation after Trump claimed that she was lying regarding the rape allegations.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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