While Twitter followers flock en masse to throw money at David Mikkelson, one of the controlling partners in the Snopes business, they’d do well to understand why it is he has no money.
Snopes, as a business, is not broke. David Mikkelson — who’s been accused of defrauding the website to pay for prostitution — is broke.
Snopes’ estimated value is in the tens of millions, with a daily revenue intake around five figures — a day. They are currently ranked in the top 2,600 websites globally as well as being in the top 700 domestically. The behemoth ‘fact-checker’ is nowhere near being broke.