More companies pull out of this year’s Web Summit amid backlash over cofounder’s Israel comments

• Companies including Stripe, Intel and Siemens have pulled out of this year’s Web Summit in Lisbon. 
• Siemens told Insider that it’s not attending due to “recent developments surrounding Web Summit.”
• Several high-profile speakers withdrew from the conference over the founder’s remarks on Israel.

More companies including Amazon Web Services and Stripe have pulled out of this year’s Web Summit after its CEO and cofounder, Paddy Cosgrave, criticized the West’s support for Israel.

The withdrawals follow moves by Intel and Siemens earlier this week to not attend the European tech conference due to take place in Lisbon in November.