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by CalChris
3541 days ago
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Thiel spent money on the Gawker suit. He receives nothing. Moreover, the plaintiffs have received nada yet and will probably receive nada after losing the appeal. Thiel will then be out a chunk of change but the Gawker flagship is out of business. Meanwhile Thiel is definitely out. Stealthily bankrolling the Gawker suit seems like a pointless waste of money on his part. The Trump thing makes him look even more foolish. |
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That whole affair left a dirty taste in my mouth. Denton and Gawker were textbook tabloid trash, but so many events pointed to Thiel being a puppet master pulling the strings (and Denton, however scummy, has a right to face his 'accuser'):
- after securing a win, withdrawing the cause that would have allowed Gawker's insurance to cover the damages (partially), thereby largely removing both Gawker and Denton's ability to pay damages, and;
- after Denton offered Bollea a share of Gawker, to be used so Bollea would get a share of the proceeds of the sale of Gawker (in light of the above), AND Bollea accepted this, a few words from Thiel-funded lawyers, and this, too, was withdrawn.
- Bollea settled with the person who actually leaked the tape to Gawker for FIVE THOUSAND DOLLARS. And instead got THIRTY THOUSAND TIMES that as an award from Gawker. Who wants to guess if his (or Thiel's, one and the same) lawyers didn't want a settlement?