Connect with us

Hi, what are you looking for?

Latest News

FreedomWorks, once influential conservative group, blames Trump after announcing it’s shutting down: report

FreedomWorks, the once influential conservative group that helped spur the tea party movement, is reportedly shutting its doors and blaming the influence of Donald Trump for its demise.

FreedomWorks President Adam Brandon told Politico in an exclusive interview published Wednesday that the group has dissolved, ‘effective immediately.’ Wednesday marked the last day for the organization’s roughly two dozen staff members.

Fox News Digital has reached out to multiple members, including Brandon, but the outlet reported that FreedomWorks’ board of directors had voted unanimously to shut down immediately.

The group laid off just under half of its staff last year, and its revenue has plummeted by almost as much since 2022, according to the report.

Brandon said the ideological upheaval of the Trump era ultimately led to FreedomWorks’ demise. He said Trump’s rise created a rift between libertarian-leaning conservatives and the MAGA-style populism of Trump supporters.

‘A lot of our base aged, and so the new activists that have come in [with] Trump, they tend to be much more populist,’ Brandon told the outlet. ‘So, you look at the base that just kind of shifted.’

The shift, he said, was seen even in FreedomWorks’ own members, which divided into MAGA and ‘Never Trump factions.’

This impacted the group’s ability to raise money, noting that donors are increasingly asking: ‘What are you doing for Trump today?’ Still, others complained that the group was doing too much to help the former president, putting Brandon in an impossible position.

‘[W]e’re not for or against Trump,’ said FreedomWorks’ board member Paul Beckner, according to Politico. ‘We’re for Trump if he’s doing what we agree with, and we’re against if he’s not. And I think we’ve seen an erosion of conservative donors.’

Brandon said he has his eyes set on launching a new libertarian-leaning organization focused on politically independent millennials and Gen Z’ers.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

    Investing

    ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

    Stock

    On this week’s edition of Stock Talk with Joe Rabil, Joe features special guest, Bruce Fraser of Power Charting. Joe and Bruce discuss swing...

    Investing

    IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...



    Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Frequencytraders.com