Elon Musk and The Onion: Infowars Auction Explained

The conspiracy theories continue, no surprise there, surrounding Alex Jones and the auction of Infowars with the winning bid by The Onion. Elon Musk, yes, that same Elon Musk who is running “DOGE” has apparently joined the party. Why? Because Musk is claiming that per X’s licensing agreement, they own the accounts on the platform. So, the lawyers for X recently filed a notice of appearance.

For the record, Musk who is on the “defund” everything bandwagon, posted on “X” to defund the ACLU. Since the ACLU works off memberships and contributions, there’s nothing to defund. This is how misinformation begins which almost always includes a dose of ignorance. When it’s not ignorance, it’s pushing an agenda with no regard for the truth. Neither is good.

Listen to this blog post.

Key Points:

• The Onion, the satirical news outlet, won the bid for Infowars despite offering a lower price than an organization tied to Alex Jones.
• The bankruptcy trustee chose the lower bid from the families of the victims of the Sandy Hook Shooting because it offers a higher overall payout to all creditors.
• Elon Musk’s company, X, has filed a notice of appearance, claiming ownership of the Infowars account on the platform.
• While social media is running rampant with conspiracy theories about shady dealings and backroom agreements, the bankruptcy judge is being transparent by confirming court orders are being complied with.

InfoWars Auction as The Onion Bid Goes Before the Bankruptcy Judge

The Onion, the satire online magazine, offered a lower price than the organization tied to Alex Jones. Why was that offer accepted since this was an auction? This gets a little complicated. However, the creditors, who are the families of the victims of the Sandy Hook Elementary School Shooting, were willing to take less so that the rest of the creditors got a bigger share of the auction proceeds. It was their lawsuit that forced Jones and Infowars into bankruptcy.

• Want to Buy Alex Jones’s Infowars?

Remember, the bankruptcy trustee’s job is to protect the bankruptcy estate. Basically, what is best for creditors? In this case, the bankruptcy trustee decided that accepting a smaller bid meant all the creditors would get a bigger share. It makes sense, and if that is the case, then I agree with the bankrupt trustee’s decision.

So, what’s the worst that could happen? There’s a hearing scheduled for December 9th or December 17th. Endless conspiracy theories are floating around, but let’s be clear: this is just part of the process. Nothing conspiratorial is going on. No shady dealings, no backroom deals.

The judge will hold a hearing to ensure the trustee complied with the court order regarding the auction. It was a blind auction, and those were the only two bids received. If a used Honda Civic with more than 100,000 miles was being auctioned off because of bankruptcy, chances are there would be more than two offers. So, put that into perspective.

Is This a Big Deal? How Does This Affect Alex Jones or Infowars?

Now, the issue with Alex Jones and Infowars is simple. Everyone’s making a big deal about this, but if the company related to Jones gets the offer, they’ll end up paying about $1.5 million more than was initially offered by the families of Sandy Hook Elementary. This means more money for the victims. Let me repeat that. The higher bid means more money for the victims!

So, what changes? Nothing! It’s a smoke screen. Either Jones’ affiliated company wins the bid, and more money goes to the families of the victims of the Sandy Hook Shooting, or the lesser bid wins, and creditors get more money.

• Alex Jones Bankruptcy Twist

Now, if it’s the company related to Jones, nothing changes other than the victims getting more money, and less overall for the remaining creditors. Remember, the bankruptcy trustee can sell nonexempt assets. That is exactly what happened here. Creditors receive a pro-rata share. Since their judgment exceeds $1.5 billion, the families would receive a larger share of the proceeds.

So it’s much to do about nothing.  Could Alex Jones go back into that company because they now own Infowars? Of course. Jones could also start another website called Infowars Part 2 or whatever else he wants. It doesn’t matter; nothing changes. The only issue is whether the victims who agreed to receive less money will get more. See why the conspiracy and noise are pointless?

Now, the fact that Elon Musk is saying, (wait a minute, we own the rights to that account)seems legally accurate. My answer is, so what? Musk could do the right thing morally and let the bankruptcy trustee sell it. But then again, Jones has many followers. So where he goes, so will his followers.

So, besides the “Social Media Lawyers” who got their law degree from ChatGPT, I think there’s much hype about nothing. It’s all the conspiracies being thrown out there—backdoor deals, leftist judges, blah blah blah. The reality is that the process is going as it should.

You can’t have more transparency than the judge deciding to hold a hearing to ensure it’s transparent. So again, don’t listen to all the noise. Look at the facts.

All right. Do you have any questions about this insane case? Let me know. Please post them in the YouTube video’s comments section, which you can see below. I’ll be happy to respond.

All right, take care, everyone. This video was done the day after Thanksgiving, so I hope everyone had a great Thanksgiving. Be safe and happy, and I’ll catch you next time.

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