Anti-Gamer News Site Lost MILLIONS of Dollars!

The Daily Beast is a money-losing sinkhole of a website that was hours away from getting sold off to a private equity company. The site has a hate-on for gamers, having written several "anti" articles about Gamers, YouTubers and seemingly any other media that can't be controlled by the mainstream.

The Daily Beast, an anti-gamer news site, lost millions of dollars due to declining ad rates and readership, and is now aiming for profitability in 2026.

00:00 The Daily Beast lost money after attacking gamers, leading to a decline in viewers and potential sales of websites.

01:41 The Daily Beast lost $9 million and was almost sold to a private equity company, prompting questions about why it's being propped up.

02:51 Anti-gamer news site lost millions of dollars due to declining ad rates and readership, prompting the need for changes in funding.

04:11 The Daily Beast almost sold to a private Equity company, but now they're making cutbacks and aiming for profitability in 2026.

05:21 The anti-gamer news site lost millions of dollars due to overpaying freelancers, being overly political, and relying on venture capital that eventually ran out.

07:15 Media industry veterans were granted a stake in an anti-gamer news site to make it profitable, but tying pay to performance led to manipulation of view numbers.

08:22 The website lost millions of dollars due to buying traffic, losing ad networks, and pushing subscriptions and tip jars, as well as polarized content and fear of internet outrage.

10:04 Gaming news site lost millions of dollars, uncertain future due to industry survival until 2025.

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[AncestorEmpire]

“An alliance united by hatred is a fragile alliance at best”- Kreia

[mr.melancholy]

When everyone is far right no one is. These journalists have no one to blame but themselves.

[DefConprime]

I'm 45 years old and I don't know what the hell's going on in the gaming world Just give me back my PSM, EGM, game pro give me back those things from 30 years ago I know that sounds boomerish but it was better and more fun

[mpthemasterpiece]

The fact that the article uses a picture of a playstation controller from 2 generations ago shows how little they really care about getting things correct. They know so little about games they almost certainly believe that controller is from modern consoles.

[ragenstorm]

It hurts more to know that we were just hours away from being rid of this hateful site to know now that we're still years away. Hatred sure knows how to endure.

[ArtToonsOfficial.]

I'm from gen z, I'm a 22 year old woman and all I want is fun games
Hell I play Disney SpeedStorm and I like it. I'd rather play a fun Gameloft or Nintendo game instead of anything with woke garbage.

[aulvinduergard]

The power of -ist,
The power of -phobe,
The power of Complaining!

[Mikedot]

Wow, it's almost like going against the people who pay your bills is a bad idea.

[EuphoricAngel]

First thing I say to them is "Sucks to be you, holmes!"

[neetscholar]

They keep calling everyone else far right.
Thing is, they are the ones that went far left.

[MyShiroyuki]

Wonder when telling your audience to leave for an audience that doesn't exist became the go-to business strategy for every western company?

[SpiffingNZ]

Imagine that. A website who spends all its time demonising what should be its core target audience results in them losing a lot of money. I'm shocked.

[Talwyn]

The failure of websites like this and others is that they have completely ignored the best practice of journalism, impartiality.
These are merely opinion sites, not news sites.

[ForceMaximus]

When you spend all your time talking about how horrible your audience is, you’re bound to lose some people.

[zacharyfett]

The takeaway is once these companies went hard left, they started hemorrhaging money and prestige. If they had stayed in the center or even slightly center-left, then they probably would’ve stayed afloat. But when you’re in an echo chamber of your own ideology, then you think your ideology is the majority. Turns out that’s not the case.

[SimpleLifeUwU]

“I don’t want to be attacked for being straight” is a propaganda now.

[cobaltfog]

I don't know when all the kooks decided the way to sell things is to attack consumers and try to shame them into handing over their money, but it's everywhere now. I'm just not going to buy anything at all for a while and see if they just go away.

[CocktailsConsoles]

"Never interrupt your enemy when they're naking a mistake"

[ashotofwhiskey]

To quote that one guy from The Lorax: "🎼 Let it 🎶Let it

[TastierBackInThes]

Digging a hole in Minecraft is propaganda? Hits different than in the old days I guess.