4 ms·
Glad to oblige on sources. Here's a copy of Nick Denton's memo announcing the investment and its relevance to the Hogan litigation: http://jimromenesko.com/2016
by GCA10 10y ago
Glad to oblige on sources. Here's a copy of Nick Denton's memo announcing the investment and its relevance to the Hogan litigation:
http://jimromenesko.com/2016/01/20/gawker-takes-outside-money-for-the-first-time/ http://jimromenesko.com/2016/01/20/gawker-takes-outside-mone...
And here's a Fortune story with a little more background on the investors:
http://fortune.com/2016/01/20/gawker-funding/ http://fortune.com/2016/01/20/gawker-funding/
On the "endgame" question, it's worth noting that Gawker's new backer is one of the world's 100 richest people, with an estimated $9.8 billion net worth, according to Forbes. Thiel checks in at just $2 billion or so.
If both billionaires want to keep battling, this case could rattle around in a lot of different courts for a long time. We may not know yet who ultimately wins/loses.
- internaut 10y agoThis may be one of the worse decisions I've seen in my lifetime. Does Denton not understand the high level ramifications of his decision? Has he any sense of self perseveration not blottoed by cocaine? He is now directly under the watchful eyes. > On the "endgame" question, it's worth noting that Gawker's new backer is one of the world's 100 richest people, with an estimated $9.8 billion net worth, according to Forbes. Thiel checks in at just $2 billion or so. This isn't about money any more. Or laws. > If both billionaires want to keep battling, this case could rattle around in a lot of different courts for a long time. We may not know yet who ultimately wins/loses. Oh we may be sure Nick Denton loses. To be a fly on the wall when Garry Kasparov heard about this!