Will Patreon platform bankrupt because of the lawsuits it's getting?

in hive-120019 •  8 days ago 

Will Patreon platform bankrupt because of the lawsuits it's getting?


Patreon has been high on censorship for some time. Many voices and content creators have been deplatfomred. They are now getting sued and some sources say that legal fees could be $20 million USD. Patreon makes money by taking a % off of fan subscriptions. They have massive userbase butnot massive gross profits.

Sources

https://www.bitchute.com/video/GHzEJ6ESRY8

https://ussanews.com/News1/2020/07/30/patreon-loses-lawsuit-with-owen-benjamin-fans-likely-to-pay-millions-in-arbitration-and-legal-fees

https://reclaimthenet.org/patreon-tentative-ruling-big-tech-censorship

Some Past Actions By Patreon

https://www.bitchute.com/video/GHzEJ6ESRY8/

Thanks to @jaalig for posting abotu this news :)


  • Patreon will get bankrupt

  • Patreon will get severely hurt but not bankrupt

  • Patreon will face some trouble. But it'll be ok

  • Patreon will be perfectly fine

  • Not sure/Don't know

Answer the question at dpoll.xyz.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Voted for

  • Patreon will get severely hurt but not bankrupt

Voted for

  • Patreon will get severely hurt but not bankrupt

Voted for

  • Not sure/Don't know

Voted for

  • Not sure/Don't know

Voted for

  • Patreon will get severely hurt but not bankrupt

Voted for

  • Not sure/Don't know

Voted for

  • Patreon will get severely hurt but not bankrupt

Voted for

  • Patreon will get severely hurt but not bankrupt

Voted for

  • Patreon will get severely hurt but not bankrupt

Voted for

  • Not sure/Don't know

I don't read/watch news about Patreon. Nevertheless, in general, I don't like platforms offering services that will help people get donations, because you have to play by their rules.

Voted for

  • Not sure/Don't know