Left Wing Digital Media COLLAPSING, VICE Investment TOTAL LOSS. Disney recently announced that it is taking a 510M dollar loss in their VICE media investments. This news comes shortly after VICE shuttered several of its brands and laid off significant portions of its staff over the past few months.
But the news isn’t only about VICE. We have seem many left wing and far left media brands take huge hits, collapse entirely, or get sold for extremely low evaluations in recent months.
One reason this may be happening is that these companies bet on far left and social justice content, content that is too fringe for average people to understand or relate to.
In a report from last year News Whip shows that right wing and conservative media has been dominating on Facebook while left wing media slowly shrinks away.
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