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Revenue or profit? It’s unclear. If it’s revenue, at 10% margin, I’d guess he’s close to broke after expenses.
by 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 agoIt'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 agoDidn't he just declare bankcupcy?
- alexnewman 4y agoThis 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 agoYes 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.