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.
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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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