Hoax busting site Snopes facing financial shutdown

Hoax busting site Snopes facing financial shutdown

The scourge of conspiracy theorists and urban legend believers everywhere, Snopes.com is facing a financial crisis that could result in the website shutting down. Snopes was started in 1994 by the married couple of Barbara and David Mikkelson, who created the site in order to have a resource where people could debunk urban legends. Prior to the internet, urban legends would break out in various pockets of the country and would spread like wildfire with nothing to stop them. Some of these tall tales have gone on to ruin the reputations of prominent regional figures. In 2014, the couple divorced with Barbara Mikkelson selling her half of the site to a digital media corporation and that is where Snopes’ current problems seems to have originated.

Snopes is accusing this digital media company of cutting off its advertising revenue stream in a power struggle for ownership of the site. According to the website SaveSnopes.com

Although we maintain editorial control (for now), the vendor will not relinquish the site’s hosting to our control, so we cannot modify the site, develop it, or — most crucially — place advertising on it. The vendor continues to insert their own ads and has been withholding the advertising revenue from us.

Because of this Snopes is going the crowd funding route by trying to raise $500,000 on the fund-raising site GoFundMe. As of this writing, Snopes has raised close to $350,000 toward its goal.

If Snopes were to close down, it’s almost a guarantee another site could rise from its ashes. However, none of them would have the cache and credibility Snopes does. Losing Snopes would not only embolden conspiracy theorists and partisan ‘news’ sites, it would also be a great loss of a plethora of investigative information that has had a big hand in trying to prevent ignorance on the internet.
https://blog.geebo.com/2017/07/25/hoax-busting-site-snopes-facing-financial-shutdown/
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