(Tuesday’s) elections are estimated to be the most expensive midterms in U.S. history, and they ended in a massive blue wave with Democrats taking control of both the House and Senate.
That’s bad news for the crypto and AI industries, which spent a fortune backing candidates who ended up losing…
Crypto- and AI-focused super PACs spent $112 million supporting and opposing candidates in the general election alone, according to Tech Influence Watch. As of Wednesday morning, $74.7 million of that spending had gone toward losing candidates or efforts to defeat winning candidates. - Gizmodo
Sunday, November 8, 2026
Plenty of tech bros blew a lot of cash on the election
Musk’s spending has been getting much of the attention, but the right-wing tech bros in general - many of the guys who go around thinking they’re God Almighty, like Musk - were at it too.
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