Snopes raised $250,000 in the first 10 hours of the campaign, $500,000 being their goal.
Stock Board Asset slammed Snopes:
Snopes.com is a failed 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.
Another victim of the fake news campaign backfiring on the left…
Snopes has repeatedly attacked The Gateway Pundit and Breitbart News as fringe conspiracy sites that President Trump reads. Good riddance, Snopes!
According to Tech Crunch, the $500K goal is just so they can get by until the end of the year. A little background on more reasons why Snopes is imploding:
Snopes was founded in 1995 by David Mikkelson and Barbara Mikkelson, and ownership formalized in 2003 in Bardav Inc (Get it? Barbara + David = Bardav). Each had one share of the company. But in 2014 the two began divorce proceedings, which would of course necessitate negotiating ownership of their company and Snopes.
In August of 2015, Snopes entered a revenue-share/content and ad management agreement with a company called Proper Media, formed earlier that very year. In early 2016, Proper arranged to buy Barbara’s share of Bardav, replacing her as co-owner of the company. David Mikkelson attempted to kill the contract in spring of 2017 (wouldn’t you?), but Proper resisted, saying the terms of said contract were not fulfilled. In the meantime, it is apparently holding onto the site’s revenue and parts of its infrastructure.
As for the donations, Mikkelson was less detailed in his explanations, but it seems unlikely that (as some worry) it will be used for some dark purpose.
“We’re hoping [the $500K goal] can get us by until the end of the year,” he said, cautioning that specific dates or numbers hadn’t been thought out. “We’re just trying to cover operating expenses, it’s all very standard: salaries, we have 16 staff that work at Snopes, various kinds of overhead, travel, that kind of thing. There’s no telling how much we’re going to have to end up frittering away on legal fees.”