this post was submitted on 14 Nov 2024
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The Onion buys rightwing conspiracy theory site Infowars with plans to make it ‘very funny, very stupid’ (www.theguardian.com)
submitted 1 week ago by merde@sh.itjust.works to c/technology@lemmy.world
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Here’s Why I Decided To Buy ‘InfoWars’ By Bryce P. Tetraeder, Global Tetrahedron CEO ☞ https://theonion.com/heres-why-i-decided-to-buy-infowars/

And let me say, I really do see it as a family. Much like family members, our brands are abstract nodes of wealth, interchangeable assets for their patriarch to absorb and discard according to the opaque whims of the market. And just like family members, our brands regard one another with mutual suspicion and malice.

🤣

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[–] GeneralVincent@lemmy.world 28 points 1 week ago (1 children)

It's a bankruptcy auction, and he's bankrupt because he was sued by Sandy Hook families. Some of those families gave money to the Onion to buy InfoWars so Alex Jones is losing his platform and his money.

It sucks for him more than it helps him really.

[–] captainlezbian@lemmy.world 1 points 1 week ago

It doesn’t help him at all. As a bankruptcy auction they’re taking what they can get and forgiving the rest. If the auctions had gone over settlement price it would’ve helped him, but that wasn’t going to happen, you don’t really get bankruptcy when you have salable assets whose expected value exceeds your debts.