Something. Is. Afoot.
And I don;t know what it is yet.
— Rick Wilson (@TheRickWilson) November 2, 2017
Wilson is referring to this news from the NY Times:
Robert Mercer, a billionaire investor who is a big backer of many conservative causes and a patron of the former White House adviser Stephen K. Bannon, is stepping down as co-chief executive of Renaissance Technologies, the giant hedge fund.
Mr. Mercer sent a letter to investors and pension advisers on Thursday morning in which he said he would step down. A copy of the letter was reviewed by The New York Times.
The one-paragraph letter to investors did not give a reason for Mr. Mercer’s decision. Mr. Mercer’s involvement in conservative politics became a lightning rod for criticism during and after the presidential election.
But in a letter to the employees of the hedge fund, with the subject line “past, present, and future,” Mr. Mercer acknowledged the public scrutiny he has faced since Mr. Trump’s election.
Here’s the link to Mercer’s letter. And here are three of the more interesting items in the letter that Rick Wilson is responding to.
The press has also intimated that my politics marches in lockstep with Steve Bannon’s. I have great respect for Mr. Bannon, and from time to time I do discuss politics with him. However, I make my own decisions with respect to whom I support politically. Those decisions do not always align with Mr. Bannon’s.
Without individuals thinking for themselves, society as a whole will struggle to distinguish the signal of truth from the correlated noise of conformity. 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.
For personal reasons, I have also decided to sell my stake in Breitbart News to my daughters.
What remains to be seen is whether he’s actually making a break with Bannon and Breitbart or this is all for show and he’ll still be involved behind the scenes with his daughter fronting things. As for Milo, provided Mercer actually carries through on pulling his support, he just lost his sugar daddy and now has no source of income or funding. As Buzzfeed recently reported, everything Milo is doing is being paid for by the Mercers.