Tech Billionaire Mark Pincus Joins Democratic Donors in Forcing Biden to Drop out of the Presidential Race

By Jace Dela Cruz

Jul 12, 2024 10:00 AM EDT

Mark Pincus, the tech billionaire and founder of Zynga, has joined a group of Democratic donors urging President Joe Biden to withdraw from the presidential race, according to a report by the Financial Times.

President Biden Spends Fourth Of July At The White House — (Photo : Samuel Corum/Getty Images)

WASHINGTON, DC - JULY 04: President Joe Biden checks his watch as he steps out onto the balcony of the White House to view the fireworks over the National Mall during a 4th of July event on the South Lawn of the White House on July 4, 2024 in Washington, DC.

Democratic Donors Urge Biden to Drop Out

As Biden's support from key backers wanes, these donors are seeking a younger candidate to boost the party's chances against Donald Trump in the upcoming election.

Pincus believes the Democratic party should hold a contest to replace Biden, arguing that the president's age has become a major issue.

He suggests that an open convention could bring new energy to the campaign, with strong candidates like Michigan Governor Gretchen Whitmer and California Governor Gavin Newsom as potential replacements.

Biden's Diminishing Support

His comments come shortly after former House Speaker Nancy Pelosi and actor George Clooney expressed concerns about Biden's diminishing support among influential party members. Democratic members of Congress and other donors have also encouraged Biden to step aside, citing drying up campaign funds and unfavorable polling data.

Despite the growing pressure, Biden has reiterated his commitment to the race, stating his determination to defeat Trump. However, key donors like George Krupp have warned that the president's age could remain a critical issue throughout the election cycle, potentially diverting funds to other Democratic candidates.