Thursday, November 02, 2017

Right-Wing Donor Bob Mercer Drops Milo, Breitbart

Hedge-fund billionaire and major conservative donor Robert Mercer is stepping down from his position as co-CEO of Renaissance Technologies, he said Thursday. In a letter to employees obtained by Business Insider, Mercer said he had become an object of press scrutiny in the past year, referencing his activity as a major conservative donor. ... In addition to leaving his position at Rentech, Mercer announced in the letter that he will also sell his stake in the far-right news website Breitbart News to his daughters -- including Rebekah Mercer, a major Republican donor who served on the executive committee of US President Donald Trump's transition team.

More

But in the letter, he sought to distance himself from some polarizing figures with whom he has become associated, including former White House chief strategist Steve Bannon, who now again heads Breitbart, and the right-wing provocateur Milo Yiannopoulous, who has faced criticism since a BuzzFeed expose outlined the online ecosystem showing his links with white nationalists.

Of Yiannopoulos, he said: "I supported Milo Yiannopoulos in the hope and expectation that his expression of views contrary to the social mainstream and his spotlighting of the hypocrisy of those who would close down free speech in the name of political correctness would promote the type of open debate and freedom of thought that is being throttled on many American college campuses today. But in my opinion, actions of and statements by Mr. Yiannopoulos have caused pain and divisiveness undermining the open and productive discourse that I had hoped to facilitate. I was mistaken to have supported him, and for several weeks have been in the process of severing all ties with him."

Comments

I saw this! He doesn't like how the actual events are playing out. I wonder what he will do?

#1 | Posted by BruceBanner at 2017-11-02 06:08 PM

Renaissance Technologies is the coolest thing.

#2 | Posted by BruceBanner at 2017-11-02 06:09 PM

#2 | POSTED BY BRUCEBANNER

It's almost like human-managed funds suck.

#3 | Posted by IndianaJones at 2017-11-02 07:23 PM

Whatever happened to GONOLES? Mercer was sort of like his hero.

#4 | Posted by danni at 2017-11-02 08:14 PM

These rich sociopaths don't change their actions because they've had sudden changes of heart and see the light.

These are just strategic moves so he can pursue the same sociopathic agenda by different means.

#5 | Posted by SpeakSoftly at 2017-11-02 09:13 PM

He gave it to his daughters. Non-story.

#6 | Posted by Bubba10 at 2017-11-02 11:14 PM

BUBBA

"He gave it to his daughters"

What??? No pinky swear??? ~~ LOL

How can we be expected to believe him without a pinky swear?

#7 | Posted by Twinpac at 2017-11-03 02:20 AM

Of Yiannopoulos, he said: "I supported Milo Yiannopoulos in the hope and expectation that his expression of views contrary to the social mainstream and his spotlighting of the hypocrisy of those who would close down free speech in the name of political correctness would promote the type of open debate and freedom of thought that is being throttled on many American college campuses today. But in my opinion, actions of and statements by Mr. Yiannopoulos have caused pain and divisiveness undermining the open and productive discourse that I had hoped to facilitate. I was mistaken to have supported him, and for several weeks have been in the process of severing all ties with him."

It seems like some people haven't quite made that turn yet.

#8 | Posted by snoofy at 2017-11-03 03:17 AM

SNOOFY

Ut Oh!

Seems like Bannon's plans for the extreme right to take over the U.S. government, and the world by extension, have hit a snag.

King-maker jobs don't come cheap.

#9 | Posted by Twinpac at 2017-11-03 04:05 AM

awwwwwws they finally found a woman hating pervert they don't like.

#10 | Posted by RightisTrite at 2017-11-03 04:15 AM

"sell his stake in the far-right news website Breitbart News to his daughters"

He isn't dropping anything.

This is a shell game and they're just moving the cups about hoping we'll fall for the con.

#11 | Posted by Tor at 2017-11-03 03:11 PM

Drudge Retort Headlines

Shutdown (151 comments)

Trump Tweet Blows Up GOP Strategy to Avoid Shutdown (61 comments)

Feds Plot Massive NoCal Immigration Sweep (39 comments)

World's Belief in U.S. Leadership Hits New Low (37 comments)

Bannon Thinks He Can Defy Congress (37 comments)

There Are 3.6 Million Dreamers (30 comments)

Obama Returning to Politics in 2018 (24 comments)

Senate Advances Judicial Pick Hostile to Black Voting Rights (22 comments)