How is it possible for a company to obtain a settlement worth more than three-quarters of a billion dollars and still fail?

According to the chief executive officer of Dominion Voting Systems, this is precisely what will occur to his company.

The $787.5 million settlement between Dominion and Fox News was disclosed just hours before the defamation lawsuit was scheduled to go to trial a little over a month ago.

John Poulos, the chief executive officer of Dominion, told TIME that the negative publicity has irreparably harmed the company’s reputation.

“It basically put us into a death spiral,” he said of the alleged defamation. “And by accusing us of the greatest American crime in history, it turned us, as one of our customers has described, as the most demonized brand in the United States.”

Dominion had been in business since 2002, but only became a nationally recognized brand following allegations of election fraud following the 2020 presidential election.

Former President Donald Trump and numerous members of his inner circle had accused the company of conspiring to lose the election in favor of Democratic candidate Joe Biden.

Fox was forced to compromise for such a large amount in large part because none of these allegations were ever proven; in fact, few of them were supported by any evidence whatsoever.

Nonetheless, Poulos anticipates that the majority, if not all, of the company’s consumers will not renew their contracts when they expire.

“Earlier this year, Shasta County in northern California ended its contract with Dominion despite not having a replacement vendor lined up,” TIME reported.

“It’s just easier for our customers to use something that’s not Dominion,” Poulos said. “We just know that our business ultimately goes to zero.”

“Eventually, I suspect all of our customers will go a different direction,” he added. “It’s just a matter of time.”

More on this story via The Western Journal:

Poulos told TIME that “Dominion experienced a spike in death threats” after the Fox settlement was announced, and that he and Dominion were committed to keeping employees safe.

Dominion has another six defamation lawsuits pending, including actions filed against Newsmax and One America News, TIME said. Obviously, however, the company cannot remain solvent forever on the basis of revenue from litigation. CONTINUE READING…