Big Tech Shifts Alliances Ahead of Midterms: Massive Political Funds Pouring In

Local media reports indicate that some U.S. companies that have maintained close ties with U.S. President Donald Trump are shifting their allegiance to the Democratic Party ahead of the November midterm elections.

The Wall Street Journal reported that Meta Platforms, which has provided tens of millions of dollars to President Trump's White House ballroom construction project and Republican-aligned business ventures, has been donating large sums of political funds to the Democratic Party ahead of the midterm elections.

Beyond Meta Platforms, an increasing number of companies are making early preparations in anticipation that the Democratic Party could become the majority in the House of Representatives following the midterm elections.

Executives from major corporations such as Amazon, Chevron, Pfizer, and UnitedHealth recently attended a seminar hosted by the U.S. Chamber of Commerce titled "How to Deal with Potential Congressional Oversight and Investigations."

Some companies, including Palantir, are reviewing the possibility at the executive level of receiving requests for information or subpoenas from Congress in the future.

This is because if control of the federal House of Representatives shifts from the Republican Party to the Democratic Party in this election, there is a high likelihood that they will have to comply with congressional investigations or subpoenas.

Among big tech companies, those that made large donations to President Trump's legacy-building projects or related political organizations are reportedly preparing not only for congressional investigations but also for the possibility of facing criminal investigations.

Representative Hakeem Jeffries, the House Democratic Leader who is widely discussed as a strong candidate for the next Speaker of the House if the Democratic Party secures a majority in the federal House of Representatives, stated, "The era of unchecked corruption brought to the country by the Trump cartel will soon come to an end."

The current party distribution in the House of Representatives stands at 218 Republicans, 212 Democrats, 1 independent, and 4 vacancies.

However, Tesla CEO Elon Musk, who supported President Trump's election campaign during the 2024 U.S. presidential election, plans to provide more than $100 million to the Republican side in this midterm election as well.

(Reported by Kim Jiuk | Video by Kim Minji | Graphics by Lee Sumin | Produced by SBS Digital News)
※ Please note: This article was translated by AI and may contain errors.