Angel Reese Dealing with 'Monetary Turmoil' After Shedding $50M in Endorsements?

In mid-June 2024, posts on Facebook, amongst different locations, claimed that WNBA star Angel Reese was in “monetary turmoil” after shedding $50 million in endorsement offers:

This declare was not true. This story originated from a web site, SpaceXMania, that explicitly describes most of its output as satirical, together with this Angel Reese story. The story tried to tie Reese’s on-court habits towards rival Caitlin Clark to a lack of endorsement offers:

Angel Reese, one of many brightest stars in ladies’s basketball, is dealing with a monetary disaster after shedding practically $50 million in endorsement offers. This important loss threatens to overshadow her illustrious profession and has sparked widespread dialogue in regards to the volatility of endorsement offers, the pressures on skilled athletes, and the significance of monetary administration. 

There is no such thing as a proof that Reese has misplaced any important endorsement offers on the time of this reporting, neither is there proof that she is in any kind of monetary misery. The story was filed underneath “satire,” which the positioning describes as tales which are “meant to be humorous” and “are sometimes fully made up.”

Reese based a nonprofit group that teaches monetary literacy and different abilities to “younger ladies and underrepresented teams” in July 2023. In Could 2024 she turned part-owner of a brand new skilled ladies’s soccer crew in Washington D.C. — the DC Energy Soccer Membership. 

Reese and Clark are widespread targets of satire pages like SpaceXMania, whose content material is usually confused with actual information. 

As a result of the declare that Reese misplaced $50 million in endorsement offers stems from a web site whose output is explicitly described as satirical in nature, this declare is rated “Labeled Satire.”

For background, here is why we typically write about satire/humor.

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