Agreed Grampa Dave, liberals think it's immoral to make a profit, lol.
The unbelievable thing is that the con artists just got $800,000 more in financing from some sucker.
The San Francisco-based media company also announced that 14 advertisers, including Mercedes-Benz and American Express, had signed contracts to purchase Salon's new "day pass" Intercept advertising unit. The day pass, which allows readers to access stories by watching a brief ad in lieu of becoming a subscriber, was launched on January 22nd.
I think Amex needs to be e-mailed a copy of this story. (Forget Mercedes-Benz)
You're assuming that the "sucker" was looking at this as a business investment instead of a political investment. More likely, it was some rich liberal (or group of liberals) who want Salon.com to keep pumping out it's Leftist propaganda. They don't expect to make a financial profit; they expect to make a political profit (just like buying campaign advertising).
Besides, when the stock tanks, the investors get to write off the financial loss on their taxes. That means that, ultimately, it's the taxpayers that wind up footing the bill for this propaganda machine.