![]() In an interview with the NYT, he bragged about closing the website, saying it was one of the best philanthropic deeds he had ever done. Thiel wanted to shut down Gawker – and he succeeded. For him, it wasn’t a suit about silencing, but one about elimination. So when it came out that Thiel was attacking a media company and supporting a candidate already perceived as a neo-fascist, it looked a little like some Pynchon-esque conspiracy coming to fruition. Ryan Holiday reports in 'Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue' for the first time that a 26-year-old who goes by the pseudonym 'Mr. He wasn’t interested in increasing the amount of damages awarded to Bollea if the insurance company paid and Gawker continued to operate. ![]() This solved the riddle of the deletion of the emotional distress claim: Thiel was working behind the scenes, taking over the prosecution. Two months after the ruling, the New York Times revealed what lay behind the case’s oddities: Peter Thiel, a Silicon Valley billionaire known for his Midas touch, admitted he had spent more than $10 million on lawsuits against Gawker, mostly in the Bollea case. ![]() ![]() He declared bankruptcy after being held personally liable to pay $10 million in damages. Gawker Media founder Nick Denton arriving in a courtroom in St. ![]()
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