Defending ourselves has incurred enormous legal costs, and, far worse, made it increasingly difficult for us to attract investors, advertisers, and sponsors.

Another success story.

Maybe if they'd limited themselves to YouTube headline gore and grandiose predictions about impending collapse/invasion/whatever they might still be getting by.

But the poor bastards tried to be a real news agency. Big mistake.

and we have just launched Edge, a database product that looked set to dramatically increase our revenues

Is this like database software or a database of something?

Were this guys competent or anither mouth of the imperialist propaganda machine?