THANK GOODNESS!!!
A Popular Conspiracy Theory Website Just Declared Bankruptcy
Donald Trump frequently shares its material.
The founder of the
conspiracy theory website Gateway Pundit said Wednesday that the company was declaring bankruptcy while it fights ongoing defamation lawsuits.
Jim Hoft, the site’s founder, said in a
post that Gateway Pundit’s parent company, TGP Communications, had decided to seek Chapter 11 bankruptcy protections in the Southern District of Florida “as a result of the progressive liberal lawfare attacks against our media outlet.” Hoft stressed the move was “not an admission of fault or culpability” and said the site would continue publishing.
For two decades, the site has published falsehoods and conspiracy theories on everything from vaccines to election fraud. Donald Trump
frequently shares its material.Gateway Pundit is also
named in a defamation suit that a former employee of Dominion, the voting machine company vilified by Trump and his allies, brought against the former president and key supporters of his 2020 campaign. Conservative media,
including Gateway Pundit,
depicted Eric Coomer, the former employee, as an election-stealing mastermind after the Colorado-based conspiracy theorist Joe Oltmann claimed that Coomer had bragged during a so-called “Antifa conference call” about ensuring an election victory for Biden.
Gateway Pundit, despite its often-untethered coverage, has played an outsize role in the conservative mediasphere ― though its traffic
peaked in 2020. Multiple Republican-led states
pulled out of a popular anti-voter-fraud organization after the site
falsely reported that it was “founded” by George Soros and was a “essentially a left wing voter registration drive disguised as voter roll clean up.”