PayPal founder on Mamdani’s win: Calls it a ‘wake-up call’; both parties must act

Billionaire investor Peter Thiel views Zohran Mamdani’s mayoral win as a signal of deep voter frustration, particularly among younger Americans disillusioned with capitalism. He warns that ignoring issues like housing affordability and student debt could push more voters towards radical economic ideas, urging parties to address the affordability crisis with bold solutions.