Shane Smith at TechCrunch – CC
GotNews.com has been tracking the serial fraudster Shane Smith, the CEO of Vice Media, for some time now. And now his business is starting to implode just as we told you it would.
Another scoop by the Daily Caller's @ChuckCJohnson: Media mogul, VICE's Shane Smith, caught lying about his resume. http://t.co/5lMAthOZj6
— Tim Groseclose (@Tim_Groseclose) July 4, 2013
Everything Smith had told about his past is a lie — including war time correspondent status — but he’s still managed to con Rupert Murdoch and Bob Iger into investing in Vice Media. Well done, Shane, but the truth catches up to every con man.
Vice's Shane Smith Asks, "You Think I Could Hoodwink Bob Iger, Jeff Bewkes and Rupert Murdoch?" https://t.co/QYtbPUVQDK
— THR TV News (@THRtv) February 3, 2016
Smith even sent the late drug addict (and New York Times columnist) David Carr to come at me with a rather haphazard hit piece that compared yours truly to a creature from Ghost Busters 2. Joke’s on Carr because he died shortly thereafter.
Of course Smith’s personal fraud is worth mentioning now that Vice Media is imploding, thanks to a total collapse of their business model that’s seen one of their top guys exit less than a year after he started.
Vice Media’s head of ad sales departs in wake of shock 17.4% decline in web traffic https://t.co/vIHztXebbm
— Brie Manakul (@Brie) March 28, 2016
Variety rightly compared the company to a “mortgage-backed security.”
@Penenberg The comparison to "mortgage-backed securities" in this article might explain it: https://t.co/6tB1W8Wn47
— David Auerbach (@AuerbachKeller) March 27, 2016
Just look at this graph which shows the implosion.
Vice's ad buys — the "digital equivalent of mortgage-backed securities" https://t.co/lUxGJneYub @awallenstein pic.twitter.com/rVb4gLTe93
— Eric Newcomer (@EricNewcomer) March 21, 2016
This story about Vice’s traffic really makes online media feel more like Mortgage-backed securities circa 2006. https://t.co/Xuqgcwi0PS
— Ranjan (@ranjanxroy) March 23, 2016
We wonder if Smith will be so lucky as to avoid prosecution for what is clearly fraudulent financial behavior on his part.
.@VICE media chief Shane Smith apparently blew $300,000 on a dinner: http://t.co/MgwLDYwyMU pic.twitter.com/0Mez0Jcuuy
— CNBC International (@CNBCi) February 19, 2015
The media reporters, including Joe Flint of the Wall Street Journal, looked the other way.
Trying to figure out why I should care that Shane Smith blew $300K on a dinner in Las Vegas.
— Joe Flint (@JBFlint) February 19, 2015
But Michael Cernovich and I were on to the fraud early.
Vice is running a valuation scam, almost certainly defrauding advertisers as well.
via @GamingAndPandas https://t.co/cOXmn3mEiw— Mike Cernovich 🇺🇸 (@Cernovich) December 23, 2015
Whither BuzzFeed? With Gawker on the ropes and Vice Media dying we can only hope.
Let’s make the Internet great again and get rid of cat pornography.
The end is coming, Rosie.
can also confirm i am not in the cat porn biz. i only take G-rated pics of cats https://t.co/XwKFQFXzdK
— Rosie Gray (@RosieGray) April 2, 2016
