Alex Jones agrees to liquidate his assets to pay Sandy Hook families, in move that would end his ownership of Infowars
Alex Jones agrees to liquidate his assets to pay Sandy Hook families, in move that would end his ownership of Infowars | CNN Business
Good, leave this piece of shit broke and living under a bridge. He deserves FAR more than he's gotten thus far. Fuck him!
What’s wild is that this skid mark on the underpants of society will probably always somehow have enough of a following to keep himself comfortable. What a world we live in.
The liquidation of Jones’ assets does not mean that Infowars will cease to exist. Several outcomes are possible. The court-appointed trustee could sell the business to another owner, for instance.
Don’t celebrate too soon. Some shadowy investors are going to bail him out.
The families are not super money motivated. They could just accept the company in the same way OJ Simpson lost his book rights.
Accept the company as payment and put up a youtube video of the set getting burned in the parking lot. After all infowars become a wikipage debunking every single lie told on the program.
The most devastating insult they could accomplish, if they’re simply handed his assets relatively untouched, is to turn it into a reputable, top-tier news organization. Now that would be delightfully karmic.
But the brands value is in the personality. Killing info wars only creates an opportunity for him to create Schminfo Schwarz with little hiccup. Buying sets and whatnot with business partners is trivial. People make podcasts in their closets at home.
He's been telling his listeners not to buy from his store, but to buy directly from his dad's website (who is a sponsor on his show and sells their "health" products though the show).
For those who don’t get it: If they buy from the Infowars store, those assets can be seized. If they buy from his dad, the assets are protected because his dad wasn’t the one who got sued. It’s a very blatant asset-hiding scheme.
Imagine if the owner of a big brand were going bankrupt and had to sell off all of their assets, (including the holdings for the store.) So instead, they start telling people to buy from their dad’s store, which is virtually identical in every way and the only difference is that the money ends up in your dad’s account instead of yours. It’s intentionally poisoning the asset seizure, by refusing to continue operating as a shop prior to your bankruptcy.
I think it's more likely that someone else buys it for the audience it already has, not for Alex, and uses that for good or ill. It could end up as more of the same, or it could get much better or worse.
Worst case the new owner employ Jones afterwards
The sandy hook families do have a say in this process (they turned down a "let jones use his ad revenue to pay them back" plan)
Of course, there are many billionaires in the US who would spend what for them is nothing but small change to bail Jones out and setup a new operation for him. Musk, the Kochs, the Mercers, the list goes on.
They should turn infowars into a conspiracy debunking site.
Ok or I could multiply my eggs before they hatch by hoping Soros or some other right wing boogie man buys it haha
Well, this past weekend, he talked as if it was his last show, that they were "gonna put the padlocks on the building and close us down" and that he knew they were going to do that because his powers told him so, powers from God. They even did a greatest hits with guests like Roger stone, Steve bannon, and Nick Fuentes and best of all, Flat Earth Dave (not really best of all but it was a hell of a segment). They also had actual clips of past times Alex has been, well, Alex. He also pretty clearly got drunk during the show. But this isn't the end for him. He'll just go work for his dad doing the exact same thing. As Alex has frequently said, his dad is basically his only sponsor now. So whatever happens to infowars, this isn't the end of Alex Jones. Even if it should be.
As I understand it, civil judgements are not dischargeable in bankruptcy. Even if Alex sells everything he owns, that won't be enough to pay off his share of the judgement and so any income he makes post-Infowars will be subject to garnishment.
So yeah. He'll continue making the right-wing circles, and he'll be hawking his dad's boner pills, but at least the Sandy Hook families will start getting what he owes them.
A fellow wonk, I see. "They burn to the fucking ground, Eddie"
I really doubt that. No way he is going to be on like food stamps. Oh sure I would like that to happen. I would like him experience the suffering he inflicted on people who had their children fucking murdered. I would love to send a chilling message to all would be copycats but well...he is rich
I hope they follow him everywhere in public and tell everyone listening what he did.
The deep state got this man bad.
Remember folks, if it can happen to him, it can happen to you!
Don’t let the gay frogs win, buy your male enhancement supplements asap!
Gay frogs: 1
Alex: 0
I guess, but it's the chemicals in the water that did this… not him
Infowars is too good of a propaganda outlet for Putin and other oligarchs to let slip away. Entertainment for idiots is also too good a grift.
Oh don't worry, I'm absolutely certain it will return with a new host. Just because Jones isn't allowed on it anymore doesn't mean they have to throw out the entire propaganda outlet. Like you said, it's too valuable, and him making money by liquidating/selling it means that someone, somewhere, is buying it.
My dear friend the great fact checker disinformation expert journalist Brooke Binkowski, former editor of Snopes helped take him down. I am proud to know her.
You made her title so convoluted I am now unsure if she is expert fact checker who combats disinformation or expert on spreading disinformation while pretending to be a fact checker. 🤔
She is just All The Things. But it's the former.
Who is this and what did he do with the real Alex Jo - never mind, I don’t actually care what happened to Alex Jones
How come I read that in a German accent?
So infowars is likely to be sold. To whom? I'm hoping comedy central picks it up and turns out into a recurring segment on the daily show
Or HBO. Last Infowars with John Oliver sounds awesome.
The Russian front money being laundered through Trush Social is suddenly going to pick up, and then they'll have money to buy this. Fucking shell game.
Poor Alex… what a nice guy who got caught up on the deep state.
/s
Fuck ‘em. I hope he rots.
People acting like this is some big victory. But he's going to be on joe rogan next week.
I've never met anyone that admitted to being a joe Rogan fan/regular listener.
I met someone at a bar a while back and was hitting it off nicely… and then she was like “haha and there’s this podcast I’ve started listening to, it’s hilarious and funny and smart! You heard of Joe Rogan?” And the expression my face made completely autonomically killed the vibe right quick. I wasn’t really upset tbh lol.
I have. :(
I've met a few and just don't get it
My mom fucking loves him for some reason.
Oh no!.......Anyways......
I am laughing at the mental image of IRS agents having to run Infowars in the interim
It'd actually be pretty dope if the IRS did an actual investigation into who, exactly, is paying for the lobbying to prevent America from having automatic tax filing.
H R Block. Largest seasonal employer on earth.
Same as with Trump, what happens to Alex Jones doesn’t really matter. We have to go after his fans. They’re the ones who give him relevancy.
If they own infowars, they’ll come into possession of a lot of information about the fans, won’t they? Mail them targeted deprogramming material.
Oh sweet summer child, is what Leslie Knope would call you. The only deprogramming that would help die-hard Infowars fans is to
<redacted>
This is the best summary I could come up with:
Right-wing conspiracy theorist Alex Jones on Thursday moved to liquidate his personal assets, agreeing to demands from the families of Sandy Hook victims whom he owes more than $1.5 billion in damages over his lies about the 2012 school massacre.
The seismic move paves the way for a future in which Jones no longer owns Infowars, the influential conspiracy empire he founded in the late 1990s.
Over the years, Jones has not only used the media company to poison the public discourse with vile lies and conspiracy theories, but also to enrich himself to the tune of millions of dollars.
But facing mounting legal pressure, he reversed course and caved to the demands of the Sandy Hook families, who have still not seen a penny from Jones since juries in Connecticut and Texas found him liable in 2022 for defamation and emotional distress.
The legal maneuver ultimately “means [Jones’] ownership in Free Speech Systems is going to get sold,” Avi Moshenberg, an attorney who represents some of the Sandy Hook families, told CNN on Thursday night, referencing the parent company of Infowars.
But regardless of what happens in that case, Thursday’s legal move sets the stage for a court-appointed trustee to liquidate Jones’ personal assets, which includes his stake in Infowars.
The original article contains 398 words, the summary contains 208 words. Saved 48%. I'm a bot and I'm open source!
Let's hope whoever buys it does so with the intention of shutting it down instead of to just keep it going.
Or better still, completely flips it to an anti-Trump, pro-science platform, where they take all his talking points and debunk them.
🍾🥂🤞
After ending his ownership of his assets, I hope he ends his public presence too.
Keep going.
Poor guy just wanted to spread vicious lies about people whose children were murdered. Who amongst us hasn't done that?
My grandma who died in the hospital was a false flag operation.
Please buy my dick pills!
His 93-year-old grandmother died of breast cancer, and he chalked it up to her getting the Polio vaccine 60 years earlier, so this is pretty accurate.
Agreed. His fake tears really moved me and my family. Where can we donate?