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Twitter screenshot

Leaders in business, technology and culture are pulling the plug on their support for President Trump and some of his closest allies in the final days of his presidency.

The big picture: Trump's political power, and his popularity with a large swath of the Republican base, always protected him from a backlash from business and tech leaders — until now. The Capitol siege proved to be the final straw.

Driving the news: Twitter announced Friday that the platform will permanently suspend President Trump's account. It's the strongest action against the president's account and comes in response to the risk of further incitement of violence.

  • Apple on Friday threatened to remove right-wing-friendly social media app Parler from its App Store if it doesn’t lay out a plan to moderate its content. Google went a step further, suspending Parler from the Google Play store.
  • Reddit said Friday that it had banned the subreddit group "r/DonaldTrump," one of the company's largest political communities dedicated to support for Trump. In the world of social media, that's pretty close to the end of the game.
  • Facebook is facing calls to boot Trump permanently from prominent voices, including from former First Lady Michelle Obama, a slew of celebrities and high-ranking Hill Democrats.

Businesses and billionaires have begun to reconsider their support for Trump, or at least their tolerance for his antics that came with the policies they supported.

  • Many of America's top businesspeople plan to deny future contributions to Republicans who egged on his efforts to overturn the election, sources tell Axios' Dan Primack and Alexi McCammond.
  • Billionaires that bankrolled Trump and applauded his tax policies, like venture capitalist Peter Thiel and Texas banking billionaire Andy Beal, aren't rushing to Trump's defense, per Bloomberg.

Publishers have started to deny platforms and endorsements for Trump and his key allies.

  • Simon & Schuster canceled plans to publish a book by Sen. Josh Hawley (R-Mo.), who aided Trump's efforts to overturn the election and pumped his fist at Trump supporters who later stormed the Capitol.
  • The editorial board of The Wall Street Journal called on Trump to resign this week.

Academic and professional institutions are turning their backs on Trump, too.

  • On Friday, Lehigh's Board of Trustees announced it would rescind and revoke Trump's 1988 honorary degree.
  • A slew of trade groups, including the National Association of Manufacturers, which typically supports conservative trade policies, slammed rioters Wednesday and called out Trump for egging on the rioters.
  • The NAM statement, by president and CEO Jay Timmons, was one of the first to raise the idea that Trump should be removed through the 25th amendment.

Go deeper

Scoop: Tech tells GOP no coordination on Trump ban

Illustration: Sarah Grillo/Axios

Major tech platforms told the outgoing GOP chair of the Senate Commerce Committee that there was no coordination behind their decisions to ban former President Trump and severing ties with an app popular with conservatives, per letters obtained by Axios.

Why it matters: Big Tech is a top target of Republican ire as conservatives on Capitol Hill adjust to their new position in the minority.

Scoop: Former OMB director to set up Pro-Trump think tanks

OMB Director Russ Vought parfticipates in a photo-op for the printing of President Donald Trumps budget for Fiscal Year 2020 at the Government Publishing Office in Washington on Thursday, March 7, 2019. (Photo By Bill Clark/CQ Roll Call)

Russ Vought, who led Donald Trump's Office of Management and Budget, plans to announce two pro-Trump organizations Tuesday, aiming to provide the ideological ammunition to sustain Trump's political movement after his departure from the White House.

Why it matters: The Center for American Restoration and an advocacy arm, America Restoration Action, will try to keep cultural issues that animated Trump’s presidency on the public agenda, according to people familiar with the matter.

Jan 26, 2021 - Technology

Scoop: Google won't donate to members of Congress who voted against election results

Sen. Ted Cruz led the group of Republicans who opposed certifying the results. Photo: Stefani Reynolds/Pool/AFP via Getty Images

Google will not make contributions from its political action committee this cycle to any member of Congress who voted against certifying the results of the presidential election, following the deadly Capitol riot.

Why it matters: Several major businesses paused or pulled political donations following the events of Jan. 6, when pro-Trump rioters, riled up by former President Trump, stormed the Capitol on the day it was to certify the election results.