The ones with money actively support this administration, and that's all that matters in latter-day American democracy: the ability to fund campaigns and buy political favors.

https://www.instagram.com/p/DFFIJCooXPy/

Pictured in the link: zick, pichai, musk, cook, bezos all AT TRUMP'S INAUGURATION. Not pictured, but still a supporter: Thiel.

It's an acronym or neologism. The groups comprising it are often cult like, but I also don't view that as a controversial statement.