Post #22586 by commonone on the US Policy board

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...was denied today by a federal judge who said the far-right conspiracy site favored by several conservatives here on Shredd'm was seeking bankruptcy protections in “bad faith” to avoid costly defamation lawsuits stemming from its publication of 2020 election lies.

Over the years, The Gateway Pundit has become infamous for its publishing of hyper-partisan blog posts, many of which advance dangerous lies and conspiracy theories. Hoft, a supporter of former President Donald Trump and MAGA loyalist, has used the website to promote the former president, while disparaging his opponents.

The Gateway Pundit made $3.1 million in gross revenue last year and $2.8 million in 2022 and its “only employee” is publisher Jim Hoft. The company also has some “eye-catching” assets that it wasn’t offering to liquidate, including a 2021 Porsche Cayenne that Hoft drives while living in St. Louis, and a condo in Jensen Beach, Florida.

Spinning lies online is a lucrative business, evidently.

https://www.cnn.com/2024/07/25/media/gateway-pundi...

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