Gawker writer Hamilton Nolan, for instance, tweeted out a link to the Wikipedia page for "chilling effect" shortly after the Times op-ed was published. By now, youve likely heard how Peter Thiel parlayed a 500,000 investment in Facebook to a stake now worth 750 million. Its in the Tampa Bay Area, where Hulk Hogan is a huge celebrity. He added in his op-ed that it's "not for me to draw the line" on what constitutes public and private information. Writer and media strategist Ryan Holidays latest book, Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, tells the inside (and. It was, in Peter Thiels mind to - you know, to destroy Gawker, to bankrupt it. Gawker Shut Down by Owner BDG The Hollywood Reporter The Writers Guild of America, East said the sites closure led to the layoffs of 40 of its union. Thiel, a delegate for Donald Trump who spoke at the Republican National Convention last month, claimed on Monday that funding lawsuits to push Gawker into bankruptcy doesn't qualify as suppression of free speech. Gawker is shutting down for a second time. Thiel, a co-founder of PayPal and early investor in Facebook, later secretly bankrolled Hogan's lawsuit against the media company. In 2013, Gawker published a secretly-recorded sex tape featuring Hulk Hogan (real name: Terry Bollea) that Thiel felt violated the professional wrestler's right to privacy. Related: Most Americans don't care that Peter Thiel crushed Gawker Though many of Thiel's friends and colleagues were already aware of his sexual orientation, he said the story effectively "outed" him, and that funding lawsuits against Gawker was meant to deter other outlets from similarly exposing "people's most intimate moments for no good reason." It’s less about revenge and more about specific deterrence, he said. In 2007, Gawker's now-shuttered Silicon Valley gossip blog Valleywag published a story that identified Thiel as gay. Peter Thiel, a co-founder of PayPal, has spent about 10 million to help the wrestler Hulk Hogan sue Gawker. Hogan won the case, and Gawker was ordered to pay him 140 million in damages an amount that took the website to bankruptcy and forced it to close. ![]() Thiel's grudge against Gawker and its founder and CEO Nick Denton goes back nearly a decade. One of these suits against Gawker, to which Thiel contributed 10 million in legal fees, was filed by Hulk Hogan over the publication of a sex tape involving the wrestler. "The press is too important to let its role be undermined by those who would search for clicks at the cost of the profession's reputation." The former wrestler, whose real name is Terry Bollea, won a $140 million judgment against the site, and later settled for $31 million."It is ridiculous to claim that journalism requires indiscriminate access to private people's sex lives," Thiel said. Thiel told the New York Times he provided funding for wrestler Hulk Hogans potentially devastating sex tape lawsuit against Gawker Media, making good on a nearly decade-long grudge against the. Thiel funded former professional wrestler Hulk Hogan’s lawsuit against Gawker after the site published a sex tape featuring Hogan. The 140 million judgment, owed to plaintiff Terry Bollea (better known as Hulk Hogan), forced Gawker Media to hold a bankruptcy auction. ![]() He also argued Thiel is “not a ‘proper’ purchaser” because he could end up as the target of litigation, according to court papers. 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. bankruptcy court judge to deny Thiel’s request to bid, according to court papers. ![]() Gawker‘s bankruptcy plan administrator Will Holden, of consulting firm Dacarba LLC, and the website’s bankruptcy attorney Gregg Galardi, of law firm Ropes & Gray LLP, have tried to block Thiel’s bid, according to court papers. Thiel, who is Facebook Inc’s (FB) first major investor and a co-founder of payment service PayPal Inc (PYPL), did not respond to a request for comment. Thiel has not said why he wants Gawker, though the potential acquisition would let him take down stories regarding his personal life that are still available on the website, and remove the scope for further litigation between him and Gawker. It's in the Tampa Bay Area, where Hulk Hogan is a huge celebrity. Most of its assets, including its sister pages Deadspin, a sports site, and Jezebel, a feminist blog, were bought in 2016 for $135 million by media company Univision Holdings Inc (UNIVISION). It was, in Peter Thiel's mind to - you know, to destroy Gawker, to bankrupt it. ![]() Gawker, which has been inactive for more than a year, is conducting an auction of its remaining assets, including its domain names and nearly 200,000 archived articles.
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