Billionaire Reid Hoffman does not plan to give any more money to Nikki Haley’s presidential campaign after her loss in the New Hampshire Republican primary, according to a person familiar with the matter.

Hoffman is one of Haley’s first wealthy donors to start heading for the exit after she said Tuesday that she will remain in the GOP’s nomination contests against former President Donald Trump despite failing to beat him in New Hampshire or in the Iowa caucuses.

The person who told CNBC that Hoffman didn’t have immediate plans to help Haley again declined to be named in order to speak freely about the matter.

[This actually seems surprising. Hoffman has funded all sorts of efforts to sideline Trump, including the E, Jean Carroll lawsuits against Trump. Haley’s campaign would be one of the more above-board of Hoffman’s efforts. Hoffman is also a big-time Dem/progressive donor too. Not sure he’s helping Haley’s credibility. — Ed]