LinkedIn billionaire bankrolls voting firm Smartmatic as it fights Fox News in 2020 election defamation case

LinkedIn co-founder Reid Hoffman has invested a significant amount of money in voting technology company Smartmatic. The investment is aimed at helping Smartmatic with its defamation lawsuits against Fox News and Newsmax. Hoffman stated that Smartmatic had been targeted with false claims after the 2020 election. The exact amount of the investment has not been disclosed, but it is reported to be in the eight-figure range. Hoffman believes that Smartmatic is undervalued and hopes to make a profit from his investment. Hoffman’s investment comes as he increases his criticism of former President Donald Trump. Smartmatic is seeking billions of dollars in damages from media outlets and individuals who spread false accusations about the company’s involvement in election fraud. The lawsuits are still ongoing and are not expected to go to trial until 2025.