BLM Heading Towards Insolvency, Support For BLM Is PLUMMETING | Summary and Q&A

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May 28, 2023
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Timcast IRL
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BLM Heading Towards Insolvency, Support For BLM Is PLUMMETING

TL;DR

Black Lives Matter is on the brink of insolvency after suffering an $8.5 million loss in 2022, compared to their previous significant fundraising successes.

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Questions & Answers

Q: How did Black Lives Matter's finances decline so drastically?

The organization saw a significant drop in donations, going from raising $77 million in 2021 to only $9.3 million in 2022, potentially due to a decrease in public support and concerns over financial mismanagement.

Q: What are the allegations against Patrice Culler, the former executive director?

Culler was accused of spending $3.2 million on four separate homes and funneling $230,000 to a company owned by the father of her child, which led to her resignation.

Q: What impact did the riots have on public support for Black Lives Matter?

The riots negatively affected public sentiment, with independent voters becoming less supportive of the organization after associating it with the violent protests.

Q: Is there a correlation between the decline in donations to Black Lives Matter and the rise of conservative media outlets?

While it's speculative, the rise of conservative media outlets like Tucker Carlson and the increasing popularity of alternative social media platforms like Rumble may have contributed to a decline in support for Black Lives Matter.

Summary & Key Takeaways

  • Black Lives Matter experienced a massive decrease in donations, raising only $9.3 million in 2022 compared to $77 million in 2021 and $90 million in 2020.

  • The organization's executive director, Patrice Culler, resigned in May 2021 after allegations of lavish spending, including purchasing multiple homes and funneling money to the father of her child.

  • The decrease in donations suggests a decline in public support for Black Lives Matter, potentially due to the negative impact of riots and concerns around the organization's financial management.

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