Billionaire Peter Thiel is distancing himself from the president’s reelection campaign. Thiel is the most famous Trump supporter in tech.

Thiel was a vocal supporter of the president in 2016, donating $ 1.25 million that year to his campaign and other causes. Thiel has no plans on donating any money to trump’s campaign this year, the report says.

Thiel’s libertarian views made him an outlier in the liberal Bay area. Thiel’s positions on government spending, immigration, and other issues have been well-known since his days at Stanford University.

Thiel was already losing faith in Trump because of the president’s slow and ineffective response to the threat posed by covid-19. That was before Thiel reckoned with the scale of the economic catastrophe set in motion by the inadequate response.