Peter Thiel is a case study in trying to wield power by pocketbook

May 25, 2016 3:47 PM

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Peter Thiel is a case study in trying to wield power by pocketbook

Probably the weirdest media story in the past decade is that the gossipy, muckrakey website Gawker is teetering on the precipice of disaster thanks to a lawsuit filed by none other than Hulk Hogan. In March, a jury awarded Hogan $115 million in his lawsuit against the site, a response to Gawker's publishing a video of Hogan having sex with the wife of his friend Bubba. (This is not made up.)

Out of the blue this week, a new wrinkle: The New York Times reported that Gawker's owner, Nick Denton, suspected that the Hogan lawsuit was being bankrolled not by the celebrity wrestler but, instead, by a deep-pocketed Silicon Valley type, perhaps as a result of Gawker's broadly skeptical coverage...

Also read: Report: Turkey Drops Homicide Case Against Israeli Officers

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