Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dominion sued Fox News for $1.6 billion. Internal documents show the tech company is only worth $80 million at most, Fox says
Business Insider ^ | 2/16/2023 | Jacob Shamsian

Posted on 02/16/2023 6:35:25 PM PST by marcusmaximus

When Dominion Voting Systems alleged Fox News helped spread conspiracy theories that Dominion manipulated the results of the 2020 election, it asked the conservative media network to pony up $1.6 billion.

Dominion had lost $600 million in potential profits on top of $1 billion in potential value, the election technology company wrote in its lawsuit, filed in March 2021. It also asked for another $1.3 million to cover expenses for private security and combatting disinformation about the company.

"As a result of the false accusations broadcast by Fox into millions of American homes, Dominion has suffered unprecedented harm and its employees' lives have been put in danger," Dominion's attorneys wrote in the lawsuit.

Internal documents from Dominion paint a different story, Fox News argues.

In a counterclaim made public Thursday, Fox News cited documents obtained during litigation that it says show Dominion's investors never believed the company would be worth more than around $80 million.

"There is no indication that Dominion ever has been or ever would have been worth anything close to $1.6 billion —the amount Dominion claims in damages for loss of enterprise value," lawyers for Fox News Network wrote in the filing. "Dominion's damage figure is pulled out of thin air."

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: dominion; fixnews; murdochwives4biden; rememberarizona; rememberthesteal; stolenelection

1 posted on 02/16/2023 6:35:25 PM PST by marcusmaximus
[ Post Reply | Private Reply | View Replies]

To: marcusmaximus

Acting like 3-7 year olds. PUNKS.


2 posted on 02/16/2023 6:38:25 PM PST by Lumper20 (Ham)
[ Post Reply | Private Reply | To 1 | View Replies]

To: marcusmaximus

Dominion must be prohibited from “counting” anymore votes anywhere.


3 posted on 02/16/2023 6:44:34 PM PST by Shady (The #JihadJunta: "We are now a nationThat of Men, Not of Laws. You are not as equal as we are...")
[ Post Reply | Private Reply | To 1 | View Replies]

Can’t they countersue?


4 posted on 02/16/2023 6:52:53 PM PST by TakebackGOP
[ Post Reply | Private Reply | To 3 | View Replies]

To: marcusmaximus

Remember Diebold and all the claims they helped Bush win? Did anyone every get sued for that?


5 posted on 02/16/2023 6:55:08 PM PST by jarwulf
[ Post Reply | Private Reply | To 1 | View Replies]

To: marcusmaximus

Making sure the right people “win” has its benefits. It was astounding how easily media companies caved to Dominion and issued uncalled for apologies.


6 posted on 02/16/2023 11:54:57 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Shady

As in Star Trek: Deep Space 9, the “Dominion must be destroyed”!!!


7 posted on 02/17/2023 12:36:38 AM PST by MadMax, the Grinning Reaper (Figures )
[ Post Reply | Private Reply | To 3 | View Replies]

To: TakebackGOP

Fox countersued.


8 posted on 02/17/2023 2:46:47 AM PST by vivenne
[ Post Reply | Private Reply | To 4 | View Replies]

To: marcusmaximus

Think about it..... Dominion might be the single-most valuable company in the world because they might be able to decide elections to determine who controls a 20 trillion dollar economy and a 5 trillion dollar budget.

The beauty of the American electoral system used to be that there was no centralized control - it was primarily controlled by counties and to a lesser extent the state.

Dominion has been changing that and they even bragged about this years ago. It is a bad idea to have any “tech company” that controls so many elections regardless of the veracity of claims against them.

Every day we see the downside of tech monopolies and this is another example.


9 posted on 02/17/2023 9:36:25 AM PST by volunbeer (We are living 2nd Thessalonians)
[ Post Reply | Private Reply | To 1 | View Replies]

To: volunbeer

100% right.


10 posted on 02/17/2023 10:15:36 AM PST by marcusmaximus
[ Post Reply | Private Reply | To 9 | View Replies]

To: marcusmaximus
Dominion machines were banned in Texas prior to 2020

That's good enough for me.
11 posted on 02/17/2023 7:46:43 PM PST by indthkr
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson