A few days ago we chronicled the downfall of VICE news. At the time, I was optimistic that we would never hear of that brand again. However, I may have been premature in my celebration dance.
Vice Media, which once had a valuation of $5.7 billion, went woke and is now broke,
Can we please not use cuckservative cope slogans at Zerohedge? Especially when this exact piece is about them not actually going broke.
is set to be acquired out of bankruptcy at a valuation of around $400 million by Fortress Investment Group and Soros Fund Management, according to The Wall Street Journal, citing people familiar with the matter.
A bankruptcy filing appears imminent and would be a fitting ending to the tumultuous story of Vice, a new-media Phoenix that rose out of the ashes with its iconoclastic, counterculture facade, then quickly sought to supplant the media establishment before persuading it to invest hundreds of millions. In 2017, after a funding round from the private-equity firm TPG Group, Vice was worth $5.7 billion. Around this time, the company realized that for the money to keep flowing, it would need to curb its rebellious ways and quickly turned woke, losing most of its fans in the process…. just in case anyone wonders why Vice went woke.
As a result, the company’s current valuation is only a fraction of what it was five years ago, as we mentioned earlier this week when discussing the imminent bankruptcy filing.
I don’t think I can take any more of this.
The VICE News story is not that hard to understand. They might have been ever so slightly rebellious back when Gavin McInnes was with them. It’s debatable. What’s not debatable is that they were Globo Homo trash long before they were got funding from (((TPG Group))) and were valued – by whom? – at $5.7 billion.
They were given this evaluation because Big Schlomo thought they had a vehicle to get young people back on the pseudo-liberal train. Put out some stories about weed for street cred with the hip urban youth, and then give them a daily dose of “trannies r gud,” and “wars r amazing,” and see what happens.
What happened was that even the shitty fags who liked that content eventually got tired of it, because there’s only so many times you can see “but weed bro,” before it’s obnoxious. And frankly, the butthole-left is mostly moving away from even pretending to be edgy or counterculture. Obedience to the (((Democracy Class))) is seen as their highest virtue.
Go woke with Soros’ money. Then quickly go broke.
And then get bailed out of bankruptcy despite having no value because you’re a loyal footsoldier to George Soros.
At this point it’s just irritating when people who know better keep trying to pretend that capitalism isn’t entirely fake. You live in a centrally planned economy, where deca trillion hedge funds control the winners and losers of the market. Anyone who wants to pretend that the people have their dollar voting power, or whatever it’s called, is simply incorrect.
I prefer Dildo weed to weed dildo.
Soros is the godfather of liberal faggotry.
So it all makes sense.
I’ve bookmarked this post for the next time I ingest strychnine by accident.
Good one.
The bugmen at Vice must be desperate if they’re willing to accept money from one of the High Lords of Globohomo.
Now they’re just yet another mainstream brand, with all the legitimacy such status brings.