Both are true. For a long time the Libertarian party was seen as drawing away small numbers of protest votes from the GOP, being populated by (mostly) guys who rejected Democratic over-regulation and nanny-statism but also rejected the GOP's anti-abortion politics, criminalization of drugs etc.
A few years ago there was an organized effort to capture key roles in the Libertarian party and focus the organization more on property rights and capitalism, with less emphasis on personal freedoms and constitutional limitations on government. This effectively split the Libertarian party, neutering it as electoral factor.
Now, the Libertarian party never mustered a large share of the vote, but many electoral contests are won at the margins. They managed to get ~3% of the vote in 2016, but lost >80% of that over the following 2 elections.
A few years ago there was an organized effort to capture key roles in the Libertarian party and focus the organization more on property rights and capitalism, with less emphasis on personal freedoms and constitutional limitations on government. This effectively split the Libertarian party, neutering it as electoral factor.
Now, the Libertarian party never mustered a large share of the vote, but many electoral contests are won at the margins. They managed to get ~3% of the vote in 2016, but lost >80% of that over the following 2 elections.
https://www.the-pechko-perspective.com/political-commentary/...
https://www.splcenter.org/resources/hatewatch/libertarian-pa...
https://en.wikipedia.org/wiki/List_of_United_States_Libertar...