Snopes.com Implodes, Resorts To GoFundMe

Tyler Durden's picture

Via StockBoardAsset.com,

Snopes.com is a liberal blog from 1994.  The website claims to be the internet’s oldest and most popular fact-checking site. Last year, Snopes Co-Founder was accused of embezzling company money, and spending it on prostitutes.

Now you can find the blog begging for $500k in funding via GoFundMe. So, far the campaign has raised $18,000 in 3 hours via 710 people...

Another victim of the fake news campaign backfiring on the left.

* * *

Some additional "color" from iBankCoin:

A key member of Facebook’s ministry of truth, Snopes, has hit a major snag which may force them out of business. Apparently too cheap or stupid to run a contract for their primary source of income past an attorney, the ‘arbiters of truth’ appear to be in major financial trouble after claiming a vendor is holding ad revenues hostage, and have set up a gofundme page which has raised $130,000 of it’s $500,000 goal within hours.

We had previously contracted with an outside vendor to provide certain services for Snopes.com. That contractual relationship ended earlier this year, but the vendor will not acknowledge the change in contractual status and continues to essentially hold the Snopes.com web site hostage.

Unfortunately, we have been cut off from our historic source of advertising income. –savesnopes.com

That outside vendor was none other than San Diego based Proper Media, which bought out Snopes co-founder Barbara Mikkelson’s share in the company for $3.6 million following a nasty divorce.

According to the San Diego Union Tribune:

Established in 2003, Bardav, Inc. was the joint venture of Snopes creator David Mikkelson and his then-wife Barbara Mikkelson, who each owned one share and 50 percent of the company. The couple divorced in 2015. In July of 2016, Barbara sold her stake to Proper Media’s five equity holders for $3.6 million.

Prior to the sale, Bardav had contracted Proper Media for web development and advertising services on Snopes.com, with the companies agreeing to split revenue earned from advertisements.

In May, Proper Media filed suit against Bardav and Mikkelson with the San Diego Superior Court of California over ownership of the site, alleging that Mikkelson attempted to gain control over the business and block Proper Media from its share of profits. Snopes counter sued, arguing that Proper Media has not paid Snopes its share of advertising revenue since March. Motions by both the plaintiffs and defendants are scheduled to be heard on Aug. 4.

Who could have imagined that the biased ‘fact-checking’ website run by militantly liberal rabid anti-Trumpers and co-founded by a cheating, whore mongering, cat-abandoning, embezzling degenerate would sign a sloppy contract?

The arrangement with Proper Media follows revelations that David Mikkelson secret PayPal account to allegedly funnel advertising revenue from Snopes into his personal accounts so that he could travel around the world banging whores behind his wife’s back – according to court documents obtained by Wesearcher / Gotnews.

As iBankCoin reported in December, while engaging in debauchery behind his wife’s back, Mikkelson wrote off just about everything as a business expense, embezzling a reported $98,000. The Snopes co-founder has since settled down and married a [NSFW] part time porn actress, Snopes.com administrator (spicy!), and sex worker. As in, she has a website devoted to being a whore.  Apparently she’s a pretty good one despite being “past her time as an adult model.”

In the same divorce papers, David Mikkelson fired back, claiming his ex-wife Barbara took millions from their joint account and bought property in Las Vegas.

No word on whatever happened to the cat…

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Peterman333's picture

Isn't this the site owned by the cat lady and her husband ran off with the stripper? I thought google was funding or backing them, someone blow through all the cash or Google close the purse strings on the "fake news" fact checker?

Herd Redirection Committee's picture

Good, fuck 'em.  The money from the Deep State must have dried up when they lost credibility. 

NoDecaf's picture

S'no hope for snopes

ThaBigPerm's picture

They started out claiming to debunk urban legends, they weren't initially touted as a fact-checking site per se, especially in the domain of contemporary politics.  I started to get suspicious when they started "debunking" ghost stories rather than actual urban legends.  And the rest is history...

SlowBro's picture

I got an email just last week saying that Snopes had turned the corner and apologized for slanting so heavily to the left.

Should check Snopes on that one.

2000's picture

It's a fact-checking garbage dump. I asked them to correct their claims about Target's Bathroom Boycott affecting their business after Target admitted it did affect their business (I was a peeved shareholder). No response. Here's their drivel:

http://www.snopes.com/targets-stock-transgender-bathroom-policy/

And proof that it did impact their business:

http://www.businessinsider.com/target-ceo-blindsided-by-boycott-2017-4

I knew it was impacting the sales, and the first announcement (IMO) of them acknowledging it was when the CEO started trying to cover his behind by saying he never approved the memo. Anyways, I ditched the stock pretty quickly once I realized their strategy was to stand tall and hope it blew over. Eventually, that strategy "worked" in the sense that people don't seem to still be talking about it...

But their shares are still down 34%!

Stupidity running that company just like most others. So, I'm happy to see this lying, scumbag of a site begging on the street corners.

chumbawamba's picture

The sad thing is these degernates will raise the money they seek...from other degenerates.

I am Chumbawamba.

Dugald's picture

 

Spend less time being Chumbanything and more time checking what you type.....

bluez's picture

You are not Chumbawamba, so what the hell do you know?

N2OJoe's picture

LMAO "arbiters of truth"? How about Abbatoire of truth.

Eng7's picture

Copied from a /. post https://tech.slashdot.org/story/17/07/24/1929214/fact-checking-and-rumor...

So to summarize:
Ex partner / ex wife sells her half of Bardav(Snopes) to Proper Media.. but not really because that would illegal since companies can not own shares in type S corporations.. so instead she cut her share up between Proper Media's owners as an end run around the law.
She told them it was permitted according to Snopes bylaws but now there is a question if that's true, in which case they should be suing her.
They accuse Green from Proper Media of working exclusively on Snopes and not other projects.
Green (and partial stock holder) jumps ship after the fight and aligns with Mikkelson giving Mikkelson just over 50% and control of Bardav (Snopes).
Green takes 3 employees and their equipment with him. Proper media considers it theft.
A bunch of angry ramblings about Expenses they don't think should have been permitted.
Accusations of Fraud for wanting a larger salary than they think is appropriate

There is nothing here that makes me want to take Proper Media's side in this. From their own words, they put themselves into the middle of a messy divorce by offering to buy out the ex wife and were shocked when that didn't go over well.

 

There was a loyalty agreement that the site remains under control of proper media. It seems that Mikkelson also used the site to pay for his divorce expenses and just took what he thinks the corporation owed him as well as outright theft of employees and equipment.

Short: Mikkelson screwed over his partners and got caught stealing from his own company.

JRev's picture

IN THE MORNING!

...from a man overboard. Has Adam stopped sucking Trump dick yet or do we still have to #MakeNoAgendaGreatAgain?

DontGive's picture

He's gone full Card Carrying Member, Trump supporter. Just to fuck with you.

FUBO's picture

They lost credibility 24 yrs. ago.

HoserF16's picture

They lost funding when Hildabeast lost to Trump. LMFAO

Koba the Dread's picture

Credibility? The first time I read a Snope piece it had no credibility with me. Credibility for the credulous.

Jim Sampson's picture

Good prostitutes are expensive.

ParkAveFlasher's picture

You see, a pimp's love is very different from that of a sq- sorry, wrong thread.

WTFRLY's picture

Simply not enough disillusioned liberals with the attention span to sustain the fuckery.

johngaltfla's picture

LOLOLOLOLOL! Bunch of Marxist propagandists got their ass busted!!!!

PorscheNoSub's picture

Sounds like they need an Upgrayedd. 

VladLenin's picture

No, quite appropriate Flasher...

 

 

-- Vlad

Dwayne Elizondo Mountain Dew Herbert Camacho 2020 Presidental Committee Chairman 
Dragon HAwk's picture

Hillary was using it to keep all her facts straight and narrow, she's a tad broke  atm so yeah their funding dried up

JLee2027's picture
  • new wife Elyssa Young is employed by the website as an administrator 
  • She has worked as an escort and porn actress and despite claims website is non-political ran as a Libertarian for Congress on a 'Dump Bush' platform 
  • Its main 'fact checker' is Kimberly LaCapria, whose blog 'ViceVixen' says she is in touch with her 'domme side' and has posted on Snopes.com while smoking pot

http://www.dailymail.co.uk/news/article-4042194/Facebook-fact-checker-ar...

Pernicious Gold Phallusy's picture

I get the impression a lot of ZHers post while smoking pot. I'd probably be willing hold something against Kimberly, but not that.

knukles's picture

Huh?

I read somewhere credible long ago that Snopes was originally funded by guess who?
George Soros
No surprise, is it?

Knob Creek's picture

Not smoking pot, drinking Bourbon though......does that count???

cbxer55's picture

Bourbon's the best, fuck the rest!  ;-)

risk.averse's picture

LaCapria in Italian means "the female goat". I wonder if Kimberley Goat-girl has fact-checked Muslim peccadilloes with regard to goats??

CrazyCooter's picture

Yup - he got outside funding from somewhere, divorced his wife, married a prostitute/call girl, and took lots of junkets to places like Thailand or equivalent.

Snopes has been complete propaganda BS for a while now ...

Regards,

Cooter

PrivetHedge's picture

So a liberal success story then.

Dave Thomas's picture

Queue the Nelson Muntz "HA HA!"

 

Normalcy Bias's picture

Have you seen the PIG he was married to? You can hardly blame the guy! j/k, sort of...

meditate_vigorously's picture

A lot of dark money found its way to them during the campaign. Millions most likely from (((donors))) of Clinton and/or her Super PACs. That obviously dried up after Trump won. Too bad they blew it all on hookers, blow, and cats.

froze25's picture

They are full of biased shit

Max Damage's picture

710 fuckwits - Corrected it for you

Dragon HAwk's picture

Can I pay pal send a penny, that's about all they are worth. found it in a parking lot, they can come get it.

GunnerySgtHartman's picture

"Rumor has it" that Snopes is financially secure ... rumors are wrong!  LMAO

Stan522's picture

Like most liberal concerns, it is unsustainable without a heavy subsidy.......

moorewasthebestbond's picture

Hookers and blow is for politicians and GDP calculations, not SNOPES.

ebworthen's picture

Maybe CNN will buy them to bolster their fakeness.