Peter Thiel, the billionaire co-founder of PayPal and high-profile tech investor, confirmed reports that he paid $10 million to finance professional wrestler Hulk Hogan’s lawsuit against media company Gawker.
In an interview with the New York Times published Wednesday, Thiel said he wanted to “fight back” against the type of articles Gawker publishes, which he described as “very painful and paralyzing for people who were targeted” — himself included.
Gawker had outed the 48-year-old entrepreneur in a 2007 article entitled “Peter Thiel is totally gay, people,” and in 2012 released a sex tape of Hogan that led to the high-profile lawsuit. The wrestler, whose real name is Terry Gene Bollea, was awarded $115 million by a Florida court in March this year, which it later increased to $140 million. Gawker is appealing.
“It’s less about revenge and more about specific deterrence,” Thiel told the Times. “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.”
[NYT]
- Donald Trump Was Just Indicted. Here's What to Know About the Charges and the Case
- What Could Happen Next for Donald Trump
- Trump's Indictment Drama Showcased His Rivals' Weakness
- Inside Ukraine's Push to Try Putin For War Crimes
- Bad Bunny's Next Move
- Elon Musk Signs Open Letter Urging AI Labs to Pump the Brakes
- Eliezer Yudkowsky: Pausing AI Developments Isn't Enough. We Need to Shut it All Down
- 'How Is This Still Happening?' A Survivor Questions America's Gun Violence Problem
- Cheryl Strayed Will Always Be Here for You
- Who Should Be on the 2023 TIME100? Vote Now
