Democratic activists plan to launch super PAC that aims to raise money off Trump's tweets
Democratic activists are putting the finishing touches on a super PAC that plans to use President Trump's tweets against him.
The PAC, known as Defeat by Tweet, is planning to launch a site Friday that will allow donors to give recurring contributions to the organization every time the president tweets to his 82 million-plus followers on Twitter. Schultz also works with Mike Novogratz, a former hedge fund executive and current bitcoin investor who has already pledged $1 million for the project, Schultz said in an interview with CNBC. For years, Novogratz has spent millions funding criminal justice reform efforts.
Beyond his commitment of $1 million to this endeavor, Novogratz told CNBC, he made another major financial commitment of writing a six-figure check to the Biden Victory Fund, a joint fundraising committee between Joe Biden's campaign and the Democratic National Committee. "These THUGS are dishonoring the memory of George Floyd, and I won't let that happen," Trump said last month. "Any difficulty and we will assume control but, when the looting starts, the shooting starts."Trump denied he was intending violence.
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