WFB:
Political news site Axios announced Tuesday evening that it would return a federal pandemic loan, becoming the latest company to return funds amid controversy around big companies hoarding bailouts.
In a post to the site, Axios CEO Jim VandeHei cited a “public backlash against a variety of companies for taking” money from the Paycheck Protection Program (PPP), “including us.” He also explained that a “new alternative source” of capital had emerged, giving the news site the “confidence” to return the PPP funds.
VandeHei did not disclose in Tuesday’s post what the “new alternative source” of capital is. Axios has received generous financial support in past, including from NBC News and liberal activist and philanthropist Laurene Powell Jobs, the widow of Steve Jobs who had an estimated net worth of over $20 billion.
As recently as December, the site expected to raise $20 million in an “opportunistic” round of fundraising, possible in part because it claimed to still be sitting on most of the $20 million it had raised in 2017. read more
Alternative source of funding-like the billionaire that owns it?
NON ESSENTIAL
Can’t even be recycled into asswipe.
Our ‘revered’ constitution has not saved us from jack shit.
It’s Okay if You Die of Anything—Except the Chi-Com Virus, According to the Fake News DNC Media.
Axios Axis of Evil
Caught Again
Mikahh, Jodie, a Barnicle and his wife
msNBC
Bank of America
The ‘new’ source must the same as the old source: Bank of America
F BoA . . . and that Crazy Liberal Mike Barnicles wife who runs it. BoA has been screwing the US military captive audiences overseas for decades. They get ‘exclusive’ branch offices on bases and then make millions off us in currency exchange rates when everybody HAS to get foreign currency to pay monthly bills. Exchange rates always favored that Bank at every Payday. Like clockwork.
F BoA
PS: F BoA
You realize of course this is only because the fucking crooks got caught.
Hydroxychloroquine was approved for medical use in the United States in 1955.[2] It is on the World Health Organization’s List of Essential Medicines, the safest and most effective medicines needed in a health system.
But Trump mentioned it. Now they try to tell us it will kill you. Think about that. As soon as the wuhu virus passes, you can bet your ass that hydroxychloroquine will be considered a safe drug again.
Meanwhile, Gilead has a new drug that has not been proved safe over any period of time and they’re all gung ho to give it a fast approval. And there will be huge profits in it for Gilead, too.
Is it hard for anyone to figure out why a new and yet to be approved drug pharma can make huge profits on is preferred by the anti trumpers in gov’t to the cheap and has always been considered safe drug trump mentioned?
Back in the 90’s I ran my own shop, and a ‘small business’ was defined by the SBA as one that did $5 million a year.
I always hoped I’d get big enough to be a small business.
@Gonad the Barbarian April 29, 2020 at 10:01 am
> Our ‘revered’ constitution has not saved us from jack shit.
Always nice to see a fellow illionaire!
It has saved us from the mewling interferences of the livestock. As it, even says so, right there, in the fine print, on the package, was the intent. By design. We give the herd a “choice” of chute. They herd each other in. For the “opportunity”. Even when they see the same chipper at the end!
I would say no “Step 2” needed. But, that, right there, was one helluva “Step 2”!
i bet this had everything to do with it!!!!!
“Treasury Secretary Steven Mnuchin has warned any company who accepts at least $2 million from the small business loan program will be audited.”