Updated (October 2019)
To make a long story short, the site was founded in 2008 by disgruntled Freeper and staunch conservative Matt H.
From 2008-2015, MFP produced racist fake news targeted at low-information voters for ad revenue. Eventually, Matt left to work at a legitimate company and was forced to deny all ties to mofopolitics. Ironically, he’s now married to a Latina and a card-carrying member of his once-hated “Establishment”.
In 2016, the site was rebranded as MFP, and the site was completely scrubbed of racist articles, mostly. Content is now primarily from libertarian and/or contrarian trolls and submitted articles.
— Jason, part-time admin, Red Chalk