The Daily Wire co-founder blasted Joy Reid for claiming conservative host Ben Shapiro is funded by “oligarchs” — while anti-Trump MSNBC host rakes in millions from the left-wing network’s mega-bucks parent company.
Jeremy Boreing, who along with Shapiro launched the Daily Wire in 2015, reacted to a video of the announcer’s analysis of President Joe Biden’s farewell speech on Wednesday — in which he pointedly warned of an “oligarchy” that is occupied the country.
“Joy Reid lives in such a bubble that she doesn’t know there’s a real audience for conservative ideas, and she’s so economically illiterate she doesn’t know how value is created,” Boreing wrote on his X account Thursday.
Four days before President-elect Donald Trump is officially sworn in, Biden claimed that an “oligarchy” of super-rich people were conspiring to take advantage of a “dangerous concentration of power” in order to wield “power and influence that threatens literally all of democracy, our basic rights and freedoms and a fair shot for everyone to move forward.”
After the speech, Reid appeared on MSNBC to discuss Biden’s remarks with co-panelists and other MSNBC hosts Rachel Maddow, Chris Hayes and Jen Psaki.
“Who do you think was paying for Rush Limbaugh? “Who do they think is funding Ben Shapiro and other podcasts?” Reid asked when referring to the oligarchs.
She then alluded to a group of tech executives who have publicly supported Trump, including Tesla CEO Elon Musk and other Silicon Valley luminaries.
“The oligarchy has been lurking in the background all along, and Biden is this prime president, as America is trying to fall in love with these rich tech gods, these ‘tech bros,'” Reid said.
Boreing wrote that the company he and Shapiro co-founded “generated over $200 million last year in advertising and subscription revenue.”
“The Daily Wire creates value, and we’re always working to create more,” Boreing wrote.
“However, if there are any oligarchs out there who want to finance us, all I can say is that we may not be very good, but we are really expensive…”
The Post has sought comment from Reid and MSNBC.
The Daily Wire was founded in 2015 by Shapiro and Boreing, with seed funding from billionaire brothers Dan and Farris Wilks.
The Wilks brothers, who made their fortune in fracking, are also supporters of the right-leaning video site PragerU.
The company is now mostly owned by Shapiro, Boreing and private parties.
Reid, who reportedly earns $3 million a year, is employed by MSNBC’s corporate parent Comcast, the telecommunications giant that boasted a market capitalization of $139.52 billion as of Thursday.
Last month, it was reported that Comcast Bean sportsmen asked Reid and fellow MSNBC talk show host Stephanie Ruhle to take a pay cut if they wanted to stay with the network.
In the fall, MSNBC star Rachel Maddow reported that her $30 million annual salary was down by $5 million a year — though network reps have disputed those numbers.
Maddow, who until now has hosted her main show just once a week, will air her program five days a week during the first months of the second Trump administration, MSNBC announced earlier this week.
MSNBC finds itself in a state of flux after it was announced Wednesday that Rashida Jones, the first black woman to hold the position of president of a major news network, was relinquishing her responsibilities effective immediately.
The left-leaning cable network has surpassed CNN as the second most-watched cable news channel.
But her audience has dwindled since Trump won the election.
Comcast, which like other media giants is struggling to deal with shrinking audiences, recently announced plans to spin off its cable television assets, including MSNBC, CNBC, USA Network and Oxygen.
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