Readers flee WSJ to Zero Hedge and Alt Media after sullied brand

Global Intel Hub — 5/3/2025 The Wall Street Journal used to be excellent financial markets journalism, but like many in the mainstream media these days, they go where the money is. There’s no money in selling newspapers or magazines, when you have free platforms providing a better service, including but not limited to Zero Hedge. The big money in journalism these days is running hit pieces on Trump, Musk, or anyone the establishment doesn’t like. Previously, they have used the mainstream media to attack alternatives such as Zero Hedge, Alex Jones, Glenn Greenwald, Julian Assange, to name a few. What the Elite seem to not understand or maybe they don’t care, every time they use this power they lose it. Their credibility is at an all time low.

The article may be the last straw, the catalyst pushing people away; A Side Hustle for Friends of Musk: Selling Access to Stakes in His Private Companies:

One way to keep from hitting the disclosure tripwire is to dole out such shares to existing insiders, who in turn sell interests in them to other investors through a spiderweb of funds—often structured as special-purpose vehicles, or SPVs. In these transactions, outside investors are buying shares of holding companies that in turn own shares of the actual Musk businesses—meaning such investors don’t appear on SpaceX’s capitalization table, the document that lists shareholders in the company.

The article is supposedly the story of SpaceX, but it’s framed like a ‘caper’ – like a bank heist. SpaceX is one of the most compliant and strict to the rule of law groups out there, because of the sensitivity of their work. The company is on the cutting edge of science and technology, and the authors are framing it as if it’s like one of the NGO scams that Elon is exposing.

As one commenter put it:

No one on earth has created more stockholder value than Musk.

No one on earth has created more consumer value than Musk.

No one on earth has done more to replace fossil fuels with electric than Musk.

No one on earth has done more to make alternatives function well than Musk.

No one on earth has done more to connect the rural places on earth to the internet than Musk.

And you whine because he chooses not to deal with the monstrosity of paperwork and costs associated with being a US public company.

And the US government, under Biden, chose to waste tens of billions of dollars of taxpayer money wiring rural America for internet when Musk had already done so in space with private funding. All because Democrats hate Musk for exercising his right to free speech.

And the Democrats pile on, vandalizing, assaulting, and a lot of whining because Musk points out their blatant hypocrisy along with their active support of fraud, waste, and abuse of taxpayer money on a massive scale.

And from another:

Wow. If you thought your biased implications were subtle, writers of this article, you failed miserably. SPVs are legal and used by many companies, right? Why not say so? Biden’s BEAD program (broadband expansion) referenced in this piece delivers $42B in federal grants in an effort to expand connectivity to remote areas across the country. But the money was only made available to fiber optic companies, as supposedly there was concern at the time about the viability of Starlink – which uses satellites, not fiber optics -to deliver. That was 2021. Since then, it is undisputed that significant improvements in technology have made Starlink a more viable option than fiber optic for providing connectivity in remote and underserved areas. This is why the Trump admin expanded grant applications to satellite internet companies under BEAD. Which makes sense, if your goal is to actually solve a problem. Right? Yet this article leaves that fact out, hoping the dumb reader will assume the move was a result of favor rather than common sense. mrs. LP

At the end of the day, it’s a free country and people can hate Musk, they are allowed to have any opinions they want. But this isn’t journalism, and certainly not what investors want to read about. This is more akin to the types of rags you see checking out at the supermarket “Bat Boy Found in Cave,” or the Tabloids once popular. The irony, of course, it’s behind a paywall. Sigh.

It really doesn’t deserve any more attention, so we’re deleting that bookmark and opening up Zero Hedge which not only provides super journalism, as they have proven in multiple cases but most notably during the “COVID” Pandemic, but they also offer guest contributors who are very often right on the mark, and a premium section with detailed Macro analysis.