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Thiel had a kind of entrepreneurial attack against Gawker. He bankrolled several lawsuits, hoping that one would stick. He basically had infinite money to try f
by NotSammyHagar 6y ago
Thiel had a kind of entrepreneurial attack against Gawker. He bankrolled several lawsuits, hoping that one would stick. He basically had infinite money to try for a win. Eventually this one stuck.
I do think Hogan could have afforded his suit, but probably wouldn't have bothered. The lawsuit lead to the typical Streisand effect, no one would have heard about this until it went big, so many people like me wouldn't have heard about a famous person's sex tape with disreputable characters involved without an endless lawsuit.
Gawker was a fault for showing someone's sex tape, which had apparently leaked and was quite likely shown against the people in it's wishes. Separately from the terribleness of that event, extremely rich people can afford endless lawsuits until something hits, they can overwhelm regular people, which is also a bad thing.
- unishark 6y agoI think the key component for this kind of tactic to work is have your target be Gawker. The New York Times has made bigger and more powerful enemies than Peter Thiel, as have many other less-universally-hated media companies.