It's now come out that billionaire dude Peter Thiel secretly funded Hulk Hogan's lawsuit against Gawker, which will in all likelihood bankrupt them. He did this as payback against them for outting him as gay a few years ago.
Hulk Hogan sued Gawker Media for invasion of privacy after it published a sex tape, and a Florida jury recently awarded the wrestler, whose real name is Terry Gene Bollea, $140 million.
What the jury — and the public — did not know was that Mr. Bollea had a secret benefactor paying about $10 million for the lawsuit: Peter Thiel, a co-founder of PayPal and one of the earliest investors in Facebook.
A 2007 article published by Gawker’s Valleywag blog was headlined, “Peter Thiel is totally gay, people.” That and a series of articles about his friends and others that he said “ruined people’s lives for no reason” drove Mr. Thiel to mount a clandestine war against Gawker. He funded a team of lawyers to find and help “victims” of the company’s coverage mount cases against Gawker.
NYTimes article
My initial thoughts on hearing this were that it was bloody fantastic. Absolute gutter site got what was coming to them. Talking to a friend this morning and he was worried about this. Said that even though it's a "somewhat karmic end" the idea of billionaires being able to shut down media outlets is worrying. What say you, good people of AH?