Forbes: Peter Thiel Has Been Secretly Funding Hulk Hogan’s Lawsuit Against Gawker

Ryan Mac and Matt Drange, reporting for Forbes (sorry for linking to Forbes — I think this is the first time I’ve done so since they started attempting to block visitors using content blockers — but this is their scoop):

Peter Thiel, a PayPal cofounder and one of the earliest backers of Facebook, has been secretly covering the expenses for Hulk Hogan’s lawsuits against online news organization Gawker Media. According to people familiar with the situation who agreed to speak on condition of anonymity, Thiel, a cofounder and partner at Founders Fund, has played a lead role in bankrolling the cases Terry Bollea, a.k.a. Hogan, brought against New York-based Gawker. Hogan is being represented by Charles Harder, a prominent Los Angeles-based lawyer. […]

Money may not have been the main motivation in the first place. Thiel, who is gay, has made no secret of his distaste for Gawker, which attempted to out him in late 2007 before he was open about his sexuality. In 2009, Thiel told PEHub that now-defunct Silicon Valley-focused publication Valleywag, which was owned by Gawker, had the “psychology of a terrorist.”

“Valleywag is the Silicon Valley equivalent of Al Qaeda,” Thiel said at the time.

A storyline right out of pro wrestling.

(Interesting perhaps only to me: I already had tags in my CMS for “Gawker” and “Hulk Hogan”, but not for “Peter Thiel”. Apparently this September 2014 post was the only time I’ve even mentioned Peter Thiel on Daring Fireball.)

Tuesday, 24 May 2016