Leftist Media Collapsing
Lefty Millennial Media Companies Are Collapsing, Investors Pull Out. Vice and Vox have both missed revenue projections, Disney has written down their investment in Vice by 157 Million dollars, and BuzzFeed resorted to selling cookware at Walmart.
Social justice, the far left, and intersectional feminism were easy ways for companies to generate anger to get clicks but as Facebook and Google derank this type of content these media companies are losing money and slowly collapsing.
Will this mean regressive leftists lose mainstream appeal as the media activists that support them lose their jobs? Or will these companies double down to the extreme in an effort to scrape what little money they can from the bottom of the digital barrel? Tim Pool reports.