‘Anti-woke’ bank shuts down after less than 3 months
A Texas fintech company that marketed itself as an “anti-woke” alternative for “pro-freedom” Americans has shut down.
GloriFi, based in Texas, made its debut in September, allowing customers who felt Wall Street was too liberal to open checking and savings accounts and apply for credit cards. Less than three months later, however, the bottom fell out after necessary funding did not come through.
The company, which received initial backing from a group of A-list money types including Peter Thiel and Ken Griffin, was hoping to merge with a SPAC called DHC Acquisition Corp., but the terms of the deal required it to raise $60 million in additional cash. It failed to do so, leading to the dissolution.
The GloriFi website announced the shutdown, but not without taking a few last swings at its critics.
“Recently, With Purpose, Inc. d/b/a GloriFi, has experienced a series of financial challenges related to startup mistakes, reputation attacks, the declining economy, and multiple negative media stories,” the announcement reads. “As a result of developments late last week, the Board of Directors and leadership of GloriFi have come to the heartbreaking conclusion that we need to begin winding down the company’s operations.”
| by Anonymous | reply 23 | November 24, 2022 2:59 PM
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Ken Griffin is an evil piece of shit
| by Anonymous | reply 2 | November 23, 2022 2:34 AM
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It's the Lib's fault wwwaaaaaaahhh WAAAAHHHH
| by Anonymous | reply 4 | November 23, 2022 4:04 AM
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I bet they/them didn’t see it coming
| by Anonymous | reply 5 | November 23, 2022 5:19 AM
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The right is so stupid to think that a handful of billionaires is ever go to share anything with the plebs. Go buy a Tesla and prove your love for Muskrat 😂
| by Anonymous | reply 6 | November 23, 2022 6:37 AM
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R6 billionaires are only expected to “share” their taxes. Nothing else is expected of any individual. It’s nice when they give to charitable causes.
How much did you “share” with people last year, donations, in-kind contributions, volunteer?
| by Anonymous | reply 7 | November 23, 2022 12:31 PM
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Poor Candace Owens…she had been promoting this shit show on Twitter. 😢
| by Anonymous | reply 9 | November 23, 2022 12:34 PM
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Conservatives are such morons.
| by Anonymous | reply 10 | November 23, 2022 12:37 PM
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The opposite of woke is asleep, which explains everything very simply.
| by Anonymous | reply 11 | November 23, 2022 12:38 PM
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@r7, Billionaires who push their products on the unsuspecting public by promising wealth (Musk with Doge), power (Trump with white superiority and hate) and good health (Oz with snake oil) are making promises the have no intention of keeping by grifting the public. If you didn't understand that, you are the mark they all are looking for
.
You...
| by Anonymous | reply 13 | November 23, 2022 1:31 PM
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Billionaires shouldn't exist. Wealth inequality is at an all time extreme. They should be taxed at a much higher rate and their wealth redistributed through social programs like universal healthcare, free college education and solving the homeless crisis. Their workers should be paid more too, especially low level ones like amazon warehouse drones and low level code writers at twitter. Minimum wage should be $20 at this point, across the board, no exceptions.
Billionaires exist because of wage theft and Capitalistic greed. Tear them all down and give it back to the people. We could end hunger, homelessness and ignorance, and address climate change, but instead we get madmen like Musk buying social media platforms to turn them into far-right megaphones for the powerful and the dangerous.
| by Anonymous | reply 14 | November 23, 2022 2:48 PM
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What happened to all of the anti-woke money in the bank? did it go to Trump for his defense?
| by Anonymous | reply 15 | November 23, 2022 3:23 PM
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What is more interesting is that this sort of suggests that neither being woke or being anti-woke is sufficient to maintain a flawed business model, generate traffice or business, or support a business without actually providing something of value at a price that people are willing to pay.
Whether it's a restaurant, movie, or bank.
| by Anonymous | reply 16 | November 23, 2022 3:27 PM
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Grift harder, stay asleep
| by Anonymous | reply 17 | November 23, 2022 4:24 PM
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^ Any successful business knows that being as politically neutral as possible is the best business plan. No business should want to alienate anyone. That's why Twitter is in so much trouble, Muskrat thinks he can succeed by alienating the left, center and all his advertisers. He's wrong
| by Anonymous | reply 18 | November 23, 2022 4:30 PM
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Except Penzey's Spices. Even my RWNJ relations agree it's the best
| by Anonymous | reply 19 | November 23, 2022 4:33 PM
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Klandance is such a fucking grifter...
| by Anonymous | reply 20 | November 23, 2022 9:45 PM
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I'm [bold]SHOCKED. SHOCKED,[/bold] I tells ya!
| by Anonymous | reply 21 | November 23, 2022 9:46 PM
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Seems like a poor business model. These people way overestimate the average American's interest in this shit. It's a small group of screeching whackadoodles.
| by Anonymous | reply 22 | November 24, 2022 2:19 PM
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Conservatives like to think they embody the "silent majority". Their entire self-worth is based on this myth. That's why they get shocked when, despite favorable conditions, they fail to get elected, after running the most extremist campaigns in this century.
| by Anonymous | reply 23 | November 24, 2022 2:59 PM
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