GOP Fundraising Platform Lost Millions During Midterms

The Huffington Post reports:

The GOP’s much-touted, small-dollar fundraising platform WinRed, created in response to the Democratic-aligned ActBlue, lost millions of dollars during the midterm election cycle, according to top Republicans.

One Republican familiar with the privately held entity’s finances said it lost about $6 million over 2021 and 2022. A second confirmed the loss but believed the total was not quite that high. Both spoke on condition of anonymity.

In either event, a seven-figure loss would be a stunning turn for a company Republicans just two years ago pointed to as their answer to the fundraising behemoth ActBlue, which has helped progressive candidates and causes raise many billions of dollars over the past dozen years.

Read the full article.

NEW — The GOP’s much-touted, small-dollar fundraising platform WinRed, created in response to the Democratic-aligned ActBlue, lost millions of dollars during the midterm election cycle. https://t.co/jAFgBOhZCB

— S.V. Dáte (@svdate) February 4, 2023