No, but this is irrelevant. Of course, people don't believe that the billionaire class is aligned with the working class, which is why billionaires buy up media outlets to align public opinions with their goals. I think that a comparison with historical fascism is indeed appropriate here. Historical fascism saw itself as a workers' movement, but only insofar as workers were more easily exploited for the goals of an counter-cultural elite than the educated middle classes. Karp and Thiel may well have come to the same conclusion by observing the current US politics. And just as historical fascists recognized the disruptive force of the new mass media at their time, so do Karp and Thiel.