Snopes.com Implodes, Resorts To GoFundMe

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.

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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…

Comments

Peterman333 Mon, 07/24/2017 - 16:00 Permalink

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?

ThaBigPerm NoDecaf Mon, 07/24/2017 - 16:45 Permalink

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...

In reply to by NoDecaf

2000 SlowBro Mon, 07/24/2017 - 17:14 Permalink

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-2017-4I 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.

In reply to by SlowBro

Eng7 SlowBro Mon, 07/24/2017 - 18:41 Permalink

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

In reply to by SlowBro

JLee2027 Peterman333 Mon, 07/24/2017 - 16:10 Permalink
  • 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-a…

In reply to by Peterman333