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July 2, 2021

Gab Funding Includes Alt-Right Donors and Investors

Open Measures is making its Gab funding data public. Our preliminary analysis shows many alt-right donors and investors.

All of our records of Gab users who are funding Gab are now PUBLIC by Open Measures in Excel/CSV formats but those fields (is_pro, is_donor, is_investor) are also available through our API. This article summarizes some of the key findings and the data itself.

What is Gab?

The research cluster iDrama, that Open Measures has worked with, first published a scholarly paper on the “alt-right echo-chamber” Gab, in February 2018. Since then, Open Measures has collected around 63 million posts on Gab over the last five years. 

Our Gab activity peaks in the month surrounding the US Capitol coup attempt with around 1.3 million posts from December 3 to January 10. We found extensive calls to violence, both targeted and more general, against politicians, minorities, and journalists among others. This is on the same website that has played host to many hardcore white supremacist paramilitary networks such as The Base.

By far the most active group in the election period was the Qanon group administered by Neon Revolt, with “thedonald” and “Stop the Steal” close behind. In DMs released by DDoSecrets we also found Neon Revolt seemingly having the ability to offer users free pro accounts in addition to other insider behavior alluding to power in the organization.

There were also various real world shout-outs to Gab in election worker intimidation demonstrations such as in this one in Phoenix, Arizona.

gab screenshot of demonstration
Snapchat screenshot from pro-Trump election worker intimidation demonstrations stating “Get on GAB.com”.

After deplatforming efforts following Gab’s connection to the Tree of Life Synagogue attack, Gab adopted a more decentralized or P2P approach, using the Mastodon server federation technology in order to maintain resilience. This makes the platform even less accountable to public or political pressure though it is still hosted by Cloudflare (like Kiwi Farms).

Gab Financial Analysis

Open Measures can now release preliminary analysis on what financial information can be gleaned from public documents and recent Gab leaks (of which Open Measures ingested everything public that we did not already have).

This release was compiled from user profiles and should be nearly complete as of the time of the leaks. Gab had a tiered investment phase in which they raised over $1.7 million in what shows in our records as only 486 investors whose accounts have been linked to their investment.

Even their supporters seem dubious, stating:

“Statistically, the company will not succeed. Legally, the owners could dilute your shares to such a worthless level that even if Gab does succeed, you would still have lost money.”

They additionally raised around $6 million in an Initial Coin Offering (also on Start Engine). They filed for it with the SEC in 2018 but later withdrew. Though they do record some crypto earnings which could be compared against all associated wallets.

gab sec filing for crypto
SEC filings showing around $30k in cryptocurrency earnings in 2018-2019.

All of the investors were public already but made more searchable through the Gab leaks. Additionally, through studying their most recent SEC filings we were able to gain greater insight into their massive continuing revenue loss. The entirety of their filings can be found here.

gab sec filing with net loss
SEC filings showing net loss increase to nearly $750,000.

We also found over 3,946 accounts marked as donors and around 18,000 paid “Pro” accounts. These included numerous hardcore white supremacist organizations and individuals, such as VDare and Stefan Molyneux, as well as pro-rape “activists” such as Roosh V.

The paid Pro accounts, while not specifically donors, nonetheless account for part of Gab’s income and as such are included in this funding investigation. Of curious note is that more than 50 of the paid Pro accounts were linked to @reagan.com email addresses. 

gab pro landing page
Gab Pro tiers starting at $99/year with “Lifetime Patriot” generously reduced from $7,500 to $500.

All of our records of Gab users who are funding Gab are now PUBLIC by Open Measures in Excel/CSV formats.

The data is composed of accounts with fields that show whether the account is an investor, donor, or pro account. This can also be confirmed on the accounts actual timeline on Gab.

There are 21,160 users in the table. The data does not show how much each Gab user has paid into Gab. However, the spreadsheets are sorted by how popular the given Gab donor, investor, and/or pro account is based on their number of followers.

The most followed accounts with Pro status are as follows, but note that Gab does offer free Pro accounts to some aligned figures:

gab pro largest accounts

While the first three are Gab associated accounts with Pro status and are unlikely to be donors, the rest each tell their own interesting stories:

Looking at the Donors and Investors alone, we see less famous names (other than Andrew Torba’s supportive father Bob Torba).

gab largest donors
Gab donors horizontal bar graph.
gab largest investors
Gab investors horizontal bar graph.

You can also find Gab data through our API that is tagged with these same funding fields as listed in the spreadsheet.

As white supremacist, conspiracy, and other harmful content propagate, digging out their funding streams becomes increasingly important to saving lives. Check it out and let us know what you find!


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