MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – CEO Maria Ressa has finally given up on dealing with what she calls a “toxic sludge” on Facebook which has severely impacted the operations and credibility of her start-up online news source.

In an interview on CNN, Ressa revealed that the (Duterte) government has reclassified Rappler from a media organization to a dealer in securities (stockbroker).

It couldn’t be fake news, coming from Ressa herself.

Well, at least Rappler stays in business.  But first things first.  It must pay the back taxes the government says it owes as a stockbroker.

No worries, you will not miss any news.  You still can get it from Facebook, the toxic sludge.