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Stupid question, why not 1 trillion? Is it dischargeable in bankruptcy? I assume he won’t even get close to 1B. Figure it gets cut to 500M in appeals, and he do

Stupid question, why not 1 trillion? Is it dischargeable in bankruptcy? I assume he won’t even get close to 1B. Figure it gets cut to 500M in appeals, and he doesn’t make 100M in his lifetime. What happens? I believe The largest fine paid by a banking executive responsible for the 2008 Financial Crisis was $67.5 million

toomanyrichies 4y ago
> he doesn’t make 100M in his lifetime. Infowars made $165 million in 3 years [1]. 1. https://www.rollingstone.com/politics/politics-news/alex-jones-infowars-store-165-million-1281059/ https://www.rollingstone.com/politics/politics-news/alex-jon...
- alexnewman 4y ago
  Revenue or profit? It’s unclear. If it’s revenue, at 10% margin, I’d guess he’s close to broke after expenses.
  - thwayunion 4y ago
    > at 10% margin Even legacy media manages 20%-40% margins; an outfit like InfoWars can probably get way over 50%. What exactly are their expenses?
    - derac 4y ago
      It's from the infowars store, they produce the products. No clue what the figure actually is, but he does have a ton of money.
      - alexnewman 4y ago
        Didn't he just declare bankcupcy?
    - alexnewman 4y ago
      This is extremely misleading. Legacy media sells ads. Infowars sells products.
      - thwayunion 4y ago
        > This is extremely misleading LOL what? > Legacy media sells ads. Legacy media also typically has broadcasting equipment, large headcount, spectrum allocation, and so on. > Infowars sells products. I'm sure those supplements have extensive R&D and product development expenses /s
        alexnewman 4y ago
        Yes you are implying they have the same margins and business model. They don’t. Surely alex Jones has broadcasting equipment. I didn’t defend alex Jones and i won’t. He’s a bad guy. But I care about accuracy. The idea that he’s rich is unfounded and silly
        thwayunion 4y ago
        > Surely alex Jones has broadcasting equipment. Broadcasting equipment. Think "towers/rented space on towers and dishes and antennas and radio engineers and technicians and insurance policies", not "microphones and a recording studio". Neither he nor his companies have spectrum allocation or licenses to broadcast.

toomanyrichies 4y ago

> he doesn’t make 100M in his lifetime. Infowars made $165 million in 3 years [1]. 1. https://www.rollingstone.com/politics/politics-news/alex-jones-infowars-store-165-million-1281059/ https://www.rollingstone.com/politics/politics-news/alex-jon...

alexnewman 4y ago
Revenue or profit? It’s unclear. If it’s revenue, at 10% margin, I’d guess he’s close to broke after expenses.
- thwayunion 4y ago
  > at 10% margin Even legacy media manages 20%-40% margins; an outfit like InfoWars can probably get way over 50%. What exactly are their expenses?
  - derac 4y ago
    It's from the infowars store, they produce the products. No clue what the figure actually is, but he does have a ton of money.
    - alexnewman 4y ago
      Didn't he just declare bankcupcy?
  - alexnewman 4y ago
    This is extremely misleading. Legacy media sells ads. Infowars sells products.
    - thwayunion 4y ago
      > This is extremely misleading LOL what? > Legacy media sells ads. Legacy media also typically has broadcasting equipment, large headcount, spectrum allocation, and so on. > Infowars sells products. I'm sure those supplements have extensive R&D and product development expenses /s
      - alexnewman 4y ago
        Yes you are implying they have the same margins and business model. They don’t. Surely alex Jones has broadcasting equipment. I didn’t defend alex Jones and i won’t. He’s a bad guy. But I care about accuracy. The idea that he’s rich is unfounded and silly
        thwayunion 4y ago
        > Surely alex Jones has broadcasting equipment. Broadcasting equipment. Think "towers/rented space on towers and dishes and antennas and radio engineers and technicians and insurance policies", not "microphones and a recording studio". Neither he nor his companies have spectrum allocation or licenses to broadcast.