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GAWKER SUED OUT OF BUSINESS PC
GAWKER SUED OUT OF BUSINESS SERIES

His vaunted hedge fund Clarium Capital was an abject failure, losing more than 90% of its $7 billion in assets, a decline that Valleywag assiduously chronicled.

As Gawker has noted over the past decade: And his vaunted prowess as an investor has not always been borne out by reality. Thiel has a very specific sense of how Silicon Valley investors should exert their power. Peter Thiel, foremost among Silicon Valley's loopy libertarians and the first outside investor … Facebook Backer Wishes Women Couldn't Vote “I’m willing to negotiate with terrorists.” In other words, he viewed Gawker’s coverage not in terms of particular individuals working in the technology sector-he wouldn’t have met with Tate if he did-but as an all-out attack on the idea of Silicon Valley itself. it’s disturbing to me that there are people who are so angry out there.Īnd, later on: “It’s terrible for the Valley, which is supposed to be about people who are willing to think out loud and be different.” He would repeat this sentiment a few months later, in August 2009, when he met former Gawker editor Ryan Tate at Terroir, a wine bar in San Francisco’s SoMa neighborhood. I’m not sure if I should answer this, but a couple of years ago, there was an article in New York magazine about Gawker Media, and the theme of it was sort of, everybody sucks, and the mindset that was being perpetrated. His criticism of Gawker hinged, instead, on the site’s built-in skepticism-bordering on disdain-for the burgeoning technology sector:ĭid you ever imagine that you’d be the subject of conversation on gossip blogs like Valleywag, and how does that effect you, if at all? “I don’t feel that I’m being unequally targeted,” he explained. In a May 2009 interview, he called Gawker “purely destructive” and compared its staffers to Islamist terrorists, but acknowledged that the site wasn’t out to get him or treat him harshly. Two years later, though, Thiel had apparently come to terms with being in the spotlight. “If I’m honest, I check it often, even when it’s somewhat embarrassing to me,” he told the German newspaper Frankfurter Allgemeine Zeitung in July 2007.

GAWKER SUED OUT OF BUSINESS SERIES

It is true, as Gawker Media CEO Nick Denton wrote in an infamous comment nine years ago, that Thiel was so anxious about Gawker’s coverage of his dating life that he tried everything in his power to have it suppressed: “I got a series of messages relaying the destruction that would rain down on me, and various innocent civilians caught in the crossfire, if a story ever ran.” At the time, the billionaire was a regular reader of Valleywag. On Monday evening, Forbes and the New York Times reported that Peter Thiel, the right-wing… Right-Wing Billionaire Peter Thiel Is on a Mission to Destroy Gawker Via Cyrus Farivar.Why has Silicon Valley billionaire Peter Thiel spent upwards of $10 million funding third-party lawsuits against Gawker? If you believe his interview with the New York Times, Thiel’s willingness to bankroll litigation brought by Hulk Hogan and other plaintiffs stems from several posts, including a 2007 item about Thiel dating men, that have, in his words, “ruined people’s lives for no reason.” But the record of Thiel’s past comments paints a much more complicated picture of his motivation to end Gawker for good. PT: Gawker Media says it “has entered into an asset purchase agreement to sell its seven media brands and other assets to Ziff Davis.

We’ve reached out to Gawker for more information on the filing.

GAWKER SUED OUT OF BUSINESS PC

Soon after, Forbes revealed Thiel’s secret involvement in the Hulk case, in addition to others.įollowing that revelation, a report by the Wall Street Journal claimed Gawker had “hired an investment banker to explore strategic options including a potential sale.” And today, the New York Times reported that Ziff Davis, owner of media brands like IGN, PC Magazine, and Ask Men, is among the companies interested in acquiring Gawker. Gawker CEO Nick Denton, meanwhile, publicly posed an intriguing theory: that Bollea’s lawsuit was bankrolled by someone with an interest in harming Gawker. Four years later, in March, a jury awarded Bollea a verdict totaling $140.1 million. Gawker’s legal struggles began in 2012, when celebrity wrestler Hulk Hogan - whose real name is Terry Gene Bollea - sued Gawker for publishing clips of his sex tape.