> Even if they are reporting something that isn't libelous, they will always fear in the back of their mind that a wealthy person who doesn't like them will bri

> Even if they are reporting something that isn't libelous, they will always fear in the back of their mind that a wealthy person who doesn't like them will bring a case against them that will bankrupt them, even if what they wrote was legit, just through having to defend themselves. So I keep reading this argument but am having a hard time accepting it because it's acting like Thiel is somehow the first person to think of something like this. If you think this will become widespread as a result of Thiel's actions, why is it not widespread already? You could make the argument that media outlets (or really anyone) were just never made aware of who was actually financing lawsuits but I'm more than certain that if it was widespread that someone would have looked into it by now.