https://en.wikipedia.org/wiki/Snopes#Change_of_ownership
https://en.wikipedia.org/wiki/Chris_Richmond_(entrepreneur)#Snopes.com_lawsuit
https://www.wired.com/story/snopes-and-the-search-for-facts-in-a-post-fact-world/
https://www.courthousenews.com/fact-checker-snopes-owners-accused-corporate-subterfuge/
https://web.archive.org/web/20220923232402/https://www.yahoo.com/entertainment/snopes-co-owners-acquire-remaining-140000348.html
https://en.wikipedia.org/wiki/Sovrn_Holdings
Snopes.com has been thought of as a reputable and trusted site for fact-checking.
From 2016 to 2022, the original mom-and-pop owners were sued out of their company in what was described as a “hostile takeover”.
Snopes is now owned as a for-profit “programmatic advertising business”.
God fucking dammit. That is so dissapointing. I know snopes wasn’t perfect but I mostly trusted it.
I am so disillusioned with news. I care a ton but… I can’t
It looks like it only would be disappointing. Copy + pasted comment from the user Optional down below:
Okay so I sludged through all the links and comments and I think I have it now:
Barbara and David Mikkelson started snopes. They got divorced, she sold her half to RIchmond and Schoentrup.
They had met because Richmond started an ad company, their first client was Snopes.
After Barbara sold, David claimed they only got 40% not 50% of the shares which meant everyone spent money and time on lawyers, which everyone loves doing.
Around this time, Richmond sold his ad company. He sold it to Sovrn, who - if they did own Snopes it would totally suck, but they don’t. Richmond held on to Snopes.
In 2022, Richmond and Mikkelson finally agreed to a buyout where Mikkelson would take more of their money and then GTFO. Which he did.
So no, Richmond (and his ‘business partner Schoentrup’ - I suppose just a financial backer? it’s not clear.) runs Snopes by hisself. No ad company involved.
I mean, you could arguel that someone who started an ad company at all, in the first place, should be pelted with rocks and garbage, but even then he sold it before fully acquiring all of Snopes. Presumably, they were also keenly aware that running Snopes and an ad company would not be a good look.
I think that’s it.
Who is to say that Snopes was the gold standard?
The shareholder that became a CEO had owned a huge chunk of snopes for years. They just made it official.
That was a founder who was pushed out over that behavior.
Those articles were also removed immediately following the the report from BuzzFeed, and Mikkelson admitted to what he had done.