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"Big media corporation" is an exaggeration in that case. Peter Thiel's personal wealth is such that he could have bought out Gawker dozens of times over if it h
by cavanasm 9y ago
"Big media corporation" is an exaggeration in that case. Peter Thiel's personal wealth is such that he could have bought out Gawker dozens of times over if it had been a publicly traded company. Gawker actually settled because THEY ("$BIG_CORP") lacked the resources to fight through the whole process, and decided to cut their losses.
- kinkrtyavimoodh 9y agoYeah but Hulk Hogan (who is admittedly rich but maybe not fuck-you rich) was the plaintiff. Not Thiel. And you are only proving my point. In most cases, individuals are the ones forced to settle with corporations because they don't have the resources to fight corps. The same would have happened with Hulk Hogan if he had not been bankrolled by Thiel. So, if anything, it was Thiel's actions that tipped the balance in the direction of the individual, who, mind you, was entirely in the right in this particular case.
- deleted 9y ago[deleted]