Area man, Twilio co-founder Jeff Lawson, buys The Onion | TechCrunch

Jeff Lawson, co-founder and recently departed CEO of enterprise infrastructure software company Twilio, is the new owner of satirical online newspaper The Onion.

“Well, the news is in – yes, I’ve bought The Onion,” Lawson wrote. in a linkedin post after late Thursday night it appeared for the first time Thursday in the New York Times.

Terms of the deal were not disclosed.

The Onion, considered by many to be “America’s best news source”, is a digital media institution that has been spoon-feeding satire for more than three decades, first starting as a weekly print edition in 1988, then As an online outlet since 1996. Physical publication ceased in 2013. these are fake stories are often mixed with real newsBut The Onion has become a staple of the digital media landscape for its “alternative” perspectives on some of the world’s biggest events – some real, others fully formed – like giving birth to memes “area manEmulating the reporting style of more traditional news outlets.

“Our Dumb Century”

The Onion has had many owners over the years (one was Elon Musk). apparently was interested at one point), which also includes Spanish-language broadcaster Univision Bought a controlling stake in 2016, It then sold it along with Gizmodo to private equity firm Great Hill Partners in 2019Which created a new media holding company named G/O Media Inc,

Now, The Onion has fallen into the hands of a new firm called Chicago-based Global Tetrahedron, which is actually a reference to a fictional firm that appears in a satirical book published by The Onion staff in 1999, named “our dumb century,

The brain behind the new global tetrahedron Is Jeff Lawson, who co-founded Twilio way back in 2008 As a way to help businesses easily embed communication features like SMS and calls into their apps through application programming interfaces (APIs). company went public in 2016 At a valuation of more than $1 billion, it is set to reach nearly $70 billion during the pandemic — before peaking at $10 billion to $15 billion over the past few years.

Lawson Announced back in January According to his LinkedIn profile, he was stepping down from Twilio, and has since been “pursuing personal goals” as part of a career break.

But why would Lawson want to buy The Onion? Well, because he likes it and has the means to buy it.

“The Onion is an institution, a national treasure and we need it,” Lawson said in his announcement post. “But its success is based on something different than most media companies. Along with much of the Internet, the Onion has been overshadowed by byzantine cookie dialogs, paywalls, bizarre belly fat ads, and clickbait content. And we have enough. The Internet is bad, and it’s time to make it better. Now is the time to once again focus on customers – the end users.”

Lawson assures us there will be more to come in the future – new products, new mediums – but for now he’s asking everyone to pledge some cash to the cause. At the time of writing, Onion Home Page Full of “breaking news” and “trending” stories that are entirely about this takeover, where Lawson is asking those who share his mission to donate exactly $1. Nothing in return.

Lawson wrote, “If you care about The Onion, if The Onion has ever made you laugh – give us a dime.” “For that dollar, you get… absolutely nothing. Just a smug feeling that once again you’ve spent less than your life’s worth on The Onion.”