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Startup backed by Peter Thiel and Bill Ackman tells companies to stick to making profit and avoid politics
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An upstart financial firm backed by Peter Thiel and Bill Ackman has a message for American corporations: Focus on making money, not taking stands.
Vivek Ramaswamy, who made his fortune in pharmaceutical startups before writing a book last year called “Woke, Inc.,” says he has raised $20m to start a fund manager that would urge companies not to wade into hot-button social or environmental issues. Thiel invested both personally and through his Founders Fund, joined by Palantir Technologies co-founder Joe Lonsdale and other venture...
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