Tech Moguls Raise Cash to Fight Washington's 'Big Money Problem'

A group of influential Internet moguls aim to fix what they refer to as the "big money problem" in Washington politics by, well, raising cash. Forming a Super Political Action Committee (PAC) called Mayday, the executives hope to raise $12 million by the midterm elections in November in hopes of supporting candidates who are committed to changing how elections are financed. Apple cofounder Steve Wozniak joined the campaign late last week, alongside Union Square Ventures' Fred Wilson; Paypal cofounder and libertarian activist Peter Thiel; and LinkedIn cofounder Reid Hoffmann. Their approach -- using big money to fight big money -- may seem odd, but the organizers note on the campaign website that they "embrace the irony." The organizers plan to use the funds to support five political candidates who will push for campaign finance reform

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FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision

FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

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FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

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--- Reuters