It reads like the primal scream of a game journalist who's written one too many outrage porn pieces.
The Gizmodo media group, including Gizmodo, Jezebel, Deadspin, Lifehacker, Splinter, The Root, Kotaku, Earther, and Jalopnik, were all bought for $135 million in 2016 and were recently purchased again for "much less" [0]. A generous assumption is that Kotaku is worth around $15 million back then and around $8 million now.
[0] https://techcrunch.com/2019/04/08/great-hill-partners-acquir...