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Home » News » Is Occupy Wall Street Going Broke?

Is Occupy Wall Street Going Broke?

Occupy Wall Street is losing money, and it's losing money fast.
  • By Associated Press
  • /
  • March 11, 2012
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NEW YORK (AP) — Occupy Wall Street in New York City could run out of cash in a matter of weeks.

A finance report shows the group that galvanized the nationwide movement against economic inequality six months ago had about $45,000 left in its main account. That’s for the week of March 2. Weekly donations plummeted to about $1,600.

The report on the group’s General Assembly website says at “the current rate of expenditure” the occupiers will be “out of money in THREE WEEKS.”

There was no immediate response to a request for comment emailed to Occupy on Friday night. But a former member of the group’s accounting arm cautions that the report doesn’t tell the full story.

Pete Dutro says occupiers continue to organize, launch projects and plan for the spring.

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Tags: Occupy Wall Streetoccupy wall street new yorkows
Associated Press

Associated Press

The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats. Founded in 1846, AP today is the largest and most trusted source of independent news and info.

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