Or, you could spin this as ethical investing. Presumably, Thiel backed Hogan with an expectation of being compensated if Gawker lost the suit and had to pay dam

Or, you could spin this as ethical investing. Presumably, Thiel backed Hogan with an expectation of being compensated if Gawker lost the suit and had to pay damages. So, from an investment perspective, this was a good deal that paid off. It also punished a bad actor that invaded a celebrities private life. Smells like a win-win to me.