Fake News Busting Site Snopes Crowdfunding For Survival

The popular myth- and fake news-busting website Snopes is now crowdfunding in order to, apparently, fend off a hostile takeover by its web host.

The GoFundMe page says that “vendor will not acknowledge the change in contractual status and continues to essentially hold the Snopes dot com web site hostage.”

The host, Proper Media, claims that it bought one half of Snopes from the 50% owner, the wife of the other 50% owner, who are now in the process of getting divorced.

Snopes says that the host has cut off all revenue flows and needs the funds for legal fees in order to free the website.

The internet community has come to use Snopes to debunk a lot of crap that appears online. In this era of political interference and hacking, it would be a shame to lose an honest voice in the wilderness.
https://techcrunch.com/2017/07/24/snopes-seeks-crowdfunding-in-ownership-battle/?ncid=rss&utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+techcrunch%2FXoWH+%28TechCrunch%29

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, Small Business, technology and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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