If the entire media was more or less like this, this would be like trying to boil the ocean. In a way, if I didn’t think Gawker was unique, I wouldn’t have done any of this. "The way I’ve thought about this is that Gawker has been a singularly terrible bully. "It’s not like it is some sort of speaking-truth-to-power or something going on here," Thiel said. On November 2nd, Hogan and Gawker Media announced a tentative settlement, for thirty-one. He estimated that the litigation has cost him around $10 million, and added he has no current plans to sue other news outlets. Hulk Hogan’s smashing legal victory shows us that publishing the truth may no longer be enough. Thiel's backing explains why Hogan refused three different settlement offers from Gawker. Why Gawker settled the Hulk Hogan dispute In this Monday, March 21, 2016, file photo, Hulk Hogan, whose given name is Terry Bollea, left, looks on in court moments after a jury returned its. Gawker CEO Nick Denton has long said that he plans to win the case further down the line, on appeal. Thiel added that "it's safe to say" that this isn't the only case against Gawker that he has financed, and that he thinks of it as "one of my greater philanthropic things that I’ve done."Įarlier on Wednesday, a state court judge in Florida upheld the jury's March verdict. "Even someone like Terry Bollea, who is a millionaire and famous and a successful person, didn’t quite have the resources to do this alone," Thiel said. "I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest." "It’s less about revenge and more about specific deterrence," Thiel said. Hogan won a $140 million verdict against Gawker earlier this year for violating his privacy by publishing a video featuring the pro wrestler having sex with his friend's wife.īut Thiel says he began paying attorneys to scout for lawsuits that he could fund against Gawker Media years ago, after being prompted by "one of my friends convinced me that if I didn’t do something, nobody would." Less than a week after Gawker ran a clip of the infamous sex tape featuring the professional wrestler Hulk Hogan in October 2012, Hogan’s personal attorney, David Houston, received messages from. The Silicon Valley billionaire told the New York Times that he was upset about a 2007 article outing him as gay, among other stories. Peter Thiel says he backed Hulk Hogan's lawsuits against Gawker Media in order to punish the publisher for stories it ran about him and his friends.
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