Never mind that Thiel’s methods are entirely legal and, so far, the courts have ruled that Gawker’s free speech defense is invalid. There will always be paranoid conspiracy theorists who are fearful of plutocrats chilling free speech. Look, I’m not saying that, if it weren’t for his politics, everyone would wholeheartedly agree with his methods. And he recently confirmed to the New York Times that he sees his actions against Gawker as among his “ greater philanthropic” efforts. Tech billionaire Peter Thiel spent 10 million to bankroll the libel suit. I think they should be described as terrorists, not as writers or reporters,” he said. Gawker, the trailblazing but controversial digital brand, has been brought back to life by Bustle Digital Group. Thiel called Valleywag (now part of Gawker) “the Silicon Valley equivalent of Al Qaeda,” adding “It’s terrible for the Valley, which is supposed to be about people who are willing to think out loud and be different. If you read a rare interview he did back in 2009, it’s clear that Thiel indeed sees his efforts on behalf of those who’ve been wronged by Gawker, not as revenge, but as one of his many causes. He is currently a partner at venture-capital firm Founders Fund and a Facebook board member.While the media and many of Thiel’s cohorts have tagged him for taking vengeance too far, they actually have his motives wrong. Thiel also co-founded and owns a significant stake in Palantir Technologies, a data-analytics and antifraud software company valued at $20 billion. Meet Peter Thiel, the Gawker-hating, Trump. Three months before Gawker closed its doors for good, Forbes published an investigation revealing that Hulk Hogan’s ruinous lawsuit had been bankrolled by Peter Thiel. At heart, however, he is someone who does not want to be told what he can and cant do. On Monday evening, Forbes and the New York Times reported that Peter Thiel, the right-wing. The 140 million judgment, owed to plaintiff Terry Bollea (better known as Hulk Hogan), forced Gawker Media to hold a bankruptcy auction. He first amassed his wealth after co-founding PayPal, which eBay acquired for $1.5 billion in 2002. Peter Thiel is a man of contradictions and extreme views. Right-Wing Billionaire Peter Thiel Is on a Mission to Destroy Gawker. That’s the lesson Peter Thiel, a revanchist fanatic, taught us all when he used his personal wealth to finance the proxy war that obliterated Gawker. 35 36 On March 18, 2016, the jury found in favor of Hogan and awarded him 115 million, which included 55 million in compensatory damages and 60 million for emotional distress. ![]() Thiel currently has a net worth of $2.5 billion, according to Forbes. By now, youve likely heard how Peter Thiel parlayed a 500,000 investment in Facebook to a stake now worth 750 million. Billionaire Peter Thiel paid Hogans legal team 10 million, as he was angry at Gawker for in an earlier story reporting that Thiel was gay. Peter Thiel submits bid for Gawker, faces challenges. On Friday, the Seasteading Institutea non-profit group cofounded by Peter Thiel and Patri Friedman (grandson to Ronald Reagan advisor Milton Friedman)successfully closed its Indiegogo campaign to design the world’s first floating city for pioneers who wish to demonstrate new ways of living together. Its not really a chanceyou must stop going to college in order to get the money. Lawyers for Gawker Media had objected to Thiel’s proposal to buy up those assets, suggesting he wanted to purge articles that Gawker had published about him - or simply eradicate the whole thing. Peter Thiels '20 Under 20' grant is sort of an anti-scholarship, promising young winners with a startup idea 100,000 paid out over two years, and a chance to stop going to silly classes and work on that idea instead. (In addition, the article with the sex video of Bollea was deleted from the Gawker site.)įollowing the sale of six websites to Univision, the Gawker Media assets include the domain name, social-media accounts and an archive of almost 200,000 articles. W atching Peter Thiel, the libertarian billionaire, waging war on Gawker Media has reminded me that there was a time when Thiel himself backed another controversial media figure famed for causing. ![]() Hogan successfully won judgments for $140 million in damages in the case against Gawker, which had published a sex video showing the wrestler in flagrante delicto with his ex-friend’s wife. Under a bankruptcy court settlement for $31 million, Hogan - whose real name is Terry Bollea - is entitled to 45% of the proceeds from the sale of Gawker.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |