Crowdfunding Goes Underground

Crowdfunding is going underground as the unanticipated result of the disturbance at Charlottesville by white supremacists.

The clash has caused an huge backlash by tech companies who previously had turned a blind eye towards their hate speech. Crowdfunding sites have all but closed to racist campaigns.

But Newton’s Third Law applies socially as well. These groups are now banding together and creating their own tech models to crowdfund, stream their music, sell their T-shirts and otherwise collaborate.

Donors continue, and will likely increase, their payments to fund the lives of hate group leaders.

A strange mutation…

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:
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