this post was submitted on 11 Dec 2024
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[–] NoForwardslashS@sopuli.xyz 93 points 2 weeks ago (23 children)

You know what would make the auction process more transparent? Don't make it a blind auction.

On a different note, is there a Gofundme up for The Onion to make sure they win the next auction yet?

[–] manqkag@sh.itjust.works 5 points 2 weeks ago (3 children)

It's not that simple. The judge rejected the bid because it included the Sandy Hook families forgoing $750,000.

[–] villainy@lemmy.world 18 points 2 weeks ago (1 children)

I don't understand why this matters. The families knowingly accepted the lower bid so The Onion could try and do some good with the brand. It seems like, at the point where it's being auctioned off with all proceeds going to the families, InfoWars should effectively be theirs to do with as they please.

[–] RizzRustbolt@lemmy.world 1 points 2 weeks ago

Money matters. Morals don't.

[–] NoForwardslashS@sopuli.xyz 7 points 2 weeks ago (1 children)

Well my assumption is that the next auction will be won by the highest bidder, so your point isn't really contradictory.

[–] half_fiction@lemmy.dbzer0.com 2 points 2 weeks ago

The judge did not actually order a new auction, just left the next steps up to the trustee who oversaw the first auction. The article specifically points this out so I'm not sure if this means there wr other ways it could play out besides redoing the auction.

[–] tburkhol@lemmy.world 6 points 2 weeks ago

Read further. There are two judgements against Jones: one for ~$50M and one for ~$1B. In a normal bankruptcy resolution, the 8 families of the $1B judgement will get 95% of the proceeds, while the 2 families of $50M get 5%. "Sandy Hook families forgoing $750,000" means that those 8 families are effectively giving $750k of their millions to the 2 families, resulting in a more even distribution of compensation across the whole group.

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