Left-Wing Outlet Hurtles Toward Bankruptcy Following Megadonor’s Retreat: Report

Pierre Omidyar

The Intercept is losing money amid left-wing megadonor Pierre Omidyar’s choice to stop providing funds to the outlet, Semafor reported on Sunday.

The Intercept is hemorrhaging around $300,000 monthly and is on pace to possess less than 1 million dollars in reserves by November, according to internal data distributed inside the outlet in March, Semafor reported. The outlet could potentially deplete its cash reserves entirely by May 2025 after Omidyar’s First Look Media decided to terminate its funding in late 2022.

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Network of Left-Wing Donors Funding Shadow Campaign to Block Second Trump Administration

Donald Trump

A coalition of far-left groups and donors are already putting plans in place to actively block a second Trump Administration’s agenda in the event that former President Donald Trump wins again in November of 2024.

According to the Daily Caller, some of the organizations involved include Protect Democracy, Georgetown University’s Institution for Constitutional Advocacy and Protection (ICAP), and Democracy Forward. These are among the many other groups that are financially backed by the far-left billionaire George Soros and his international network, as well as other left-wing mega-donors such as eBay founder Pierre Omidyar.

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