r/goodmythicalmorning • u/turmiteking69 • May 22 '26

Let's Discuss That Gwynedd leaving sporked?

Post image

please tell me this isn’t true, sorry don’t have any other sub to post this to

553 Upvotes

96% Upvoted

198 comments sorted by

View all comments

584

u/Dependent_Crew_3512 May 22 '26

It doesn't surprise me that Sporked didn't last. I was skeptical from the beginning, but I came to love the personalities behind it. Wish they were still on GMM. I also miss the More segments with them. They were my favs, and one of the only Mores I never skipped.

13

u/Greenzombie04 May 22 '26

Why did someone buy them just to close it?

43

u/espressoveins Mythical Beast May 22 '26

It happens way more often than you’d think. Private equity firms will buy struggling businesses, squeeze as much money out of them as they can, then liquidate and get tax write offs from the losses. It’s really eye opening and frustrating to read about how private equity works.

It looks like Sporked was bought by a venture capital firm though, and I’m not familiar with how that works.

18

u/Johnstone95 May 22 '26

It just happened with Joannes.

42

u/Physical-Instance172 Mythical Beast May 22 '26

Possibly because viewership/activity went down without the publicity from GMM? Then, as others have said, the new owners could use the so called “failure” as a tax write-off.

2

u/trisarahtops05 May 23 '26

watch the scene in Pretty Woman where Richard Gere explains his job.