Peter Thiel is the one behind Hulk Hogan's Gawker lawsuit
Neilson Barnard/Getty Photographs for New York Occasions
Confirming rumors that had grown over the previous few days, Paypal cofounder Peter Thiel admitted to the New York Occasions that he’s financing Hulk Hogan’s lawsuit towards Gawker Media. Its Gawker weblog revealed an article in 2007 titled “Peter Thiel is completely homosexual, individuals” (earlier than later publicizing the sexuality of Apple CEO Tim Prepare dinner, and a Conde Nast exec) which kicked off this entire revenge-by-proxy authorized saga. Hogan’s involvement comes after the location posted a video of the wrestler (actual identify: Terry Bollea) having intercourse with the spouse of a pal, clipped from a tape with different fascinating particulars. He sued the location and gained a $one hundred forty million award, which Gawker is interesting.
As detailed by the Occasions and in earlier reviews, Hogan first tipped the potential for a backer when he prevented making a declare that may have let the information website’s insurance coverage firm assist out with its protection and any potential damages. Till now nevertheless, that was simply hypothesis, earlier than a report by Forbes named Thiel because the determine funding the go well with — at an expense of round $10 million thus far.
Since cofounding Paypal, Thiel has been an influential determine within the tech business, funding corporations from Fb to Airbnb. Now, amongst different pursuits together with the properly-recognized Thiel Fellowship, he is targeted on what he calls a “singularly horrible bully.” What is going to occur to the case and the injury award stays to be seen, though Gawker simply had a movement for a brand new trial denied earlier in the present day. He additionally confirmed it isn’t the one case he is doing this for, so if it does not shut the community down, there’s all the time one other.
Now that his id and involvement are confirmed, the query of whether or not or not it is moral to personally finance an prolonged conflict towards a media outlet (regardless of how distasteful and even damaging its content material is) hangs over the revelation. I’ll supply my private opinion in higher element after I run it by Peter Thiel — I am not scared or taking a cue from Wired, I simply do not need to wait ten years to seek out out I am on a goal listing.