![]() “‘It’s almost limitless what one could do,’ Mr. The 319-page book includes this passage written by Holiday: A team could have attempted to bug the Gawker offices.” “Someone could have followed Nick Denton and, while he dined at Balthazar one morning, stolen his cell phone. A,” whom Thiel, Holiday reports, paid handsomely (a reported $25,000 a month) to help plan and execute Gawker’s death-by-lawsuit. The generally press-averse Thiel cooperated extensively with Holiday, granting the author multiple on-the-record interviews and introducing him to a foreign-born young man identified only as “Mr. That’s where you just become that which you hate.” “But I think those would have ultimately been self-defeating. Retributive justice,” Thiel is quoted in New York Observer media and tech columnist Ryan Holiday’s soon-to-be-published Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue. “There are things that were very tempting, an eye for an eye, tooth for a tooth. That Valleywag article, headlined “Peter Thiel Is Totally Gay, People,” plus what Thiel later described as a series of Gawker and Valleywag stories about friends and business associates that “ruined people’s lives for no reason” and “bull people even when there was no connection with the public interest,” ultimately prompted him to act.Īlthough Thiel claimed to The New York Times that “it’s less about revenge and more about specific deterrence,” his remarks as quoted in the book suggest revenge played a role. It is therefore at best inconvenient that’s he’s portrayed in a new book as having considered bribery, theft, bugging, and email hacking, among other potential crimes in 2011, before deciding to engage in a “totally legal” strategy of secretly bankrolling lawsuits against Denton’s company by way of payback for an unwelcome December 2007 report in the defunct Gawker site Valleywag that Thiel is gay. Thiel is presently embroiled in a legal battle in New York Bankruptcy Court concerning his role in Gawker’s demise. government uncover terrorist plots and fraud, a co-founder of PayPal and various flourishing investment funds, and a ground-floor investor in Facebook, where he still sits on the board of directors. With a net worth, per Forbes, of over $2 billion, Thiel is the largest stakeholder in Palantir, an analytical-software company that helps the U.S. The German-born, Donald Trump-supporting (with a $1.25 million campaign donation) Thiel is among the planet’s more successful tech entrepreneurs. Renamed Trusted Media Brands, its streaming TV, social media, web, and print platforms collectively reach 100 million consumers worldwide, according to software company Cision.Silicon Valley billionaire Peter Thiel-who secretly schemed to annihilate Gawker Media, a goal he achieved in August 2016, and to force its founder, Nick Denton, into personal bankruptcy-may yet have cause to regret that he has reveled so publicly in his vengeful triumph. The publishing company has since recorded a 110 per cent growth in earnings in 2021 after implementing rebranding and digital initiatives. It filed for bankruptcy a second time in 2013 to cut US$465 million in debt. Its parent company, Reader’s Digest Association, first filed for bankruptcy in 2009, citing a drop in advertising spending and the debt load incurred in its acquisition. Once the best-selling consumer magazine in the United States in the 1990s and early 2000s, Reader’s Digest has gone through a number of tumultuous years that involved filing for bankruptcy twice. News Corp senior executives partly attributed the restructure to the Covid-19 pandemic, which hit advertising revenues and accelerated a downturn in Australia’s media sector. He closed 36 papers and made 76 online-only as part of a shake-up of his news business News Corp, the roots of which are in Australian newspapers. News Corp’s Australia newspapersĪmerican tycoon Rupert Murdoch shut down dozens of local newspapers in Australia in 2020 and ended print production for most of its smaller publications there. The site was auctioned off for US$1.35 million in 2018 and then brought back to life in July 2021, but it could not escape getting axed in February due to commercial reasons. Gawker settled the case for US$31 million. Gawker had published a video of him having sex with his former friend’s wife. It was shut down in 2016 after then parent company Gawker Media filed for bankruptcy, following an invasion-of-privacy lawsuit brought against it by former pro-wrestler Hulk Hogan. ![]() Gawker, a popular gossip site that helped define digital media in the 2000s, shuttered twice in recent years.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |