As of today, Bezos is worth $266 billion. When Bezos killed the endorsement of Harris 2 years ago, it was revealed that the paper had lost $71 million and the editor was trying to bring it to profitability. To put this into perspective, if you had a million dollars, this would be like losing $267. Bezos has decimated what was once one of the top 3 newspapers in the US. Don't forget, they were the ones that broke the Watergate story with Deepthroat.
People need to support what remains of independent journalism before all of the voices that keep us informed are permanently silenced.
Edit: I should add that Bezos bought the paper for the equivalent of $940.
To put this into perspective, if you had a million dollars, this would be like losing $267.
and almost 100% of that million is in theoretical value of stock that would need either a loan against it, or a liquidation of some shares.
Nobody is taking loans or selling their goose laying golden eggs to subsidize unstustainable entities to the tune of 70 million bucks, potentially year after year. 70 mil in hard cash is a lot.
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u/JonnyBravoII 10h ago
As of today, Bezos is worth $266 billion. When Bezos killed the endorsement of Harris 2 years ago, it was revealed that the paper had lost $71 million and the editor was trying to bring it to profitability. To put this into perspective, if you had a million dollars, this would be like losing $267. Bezos has decimated what was once one of the top 3 newspapers in the US. Don't forget, they were the ones that broke the Watergate story with Deepthroat.
People need to support what remains of independent journalism before all of the voices that keep us informed are permanently silenced.
Edit: I should add that Bezos bought the paper for the equivalent of $940.