Saturday, 28 May 2016

Reports: Paypal Founder Is ‘Vindictive Comic Book Villain’

Gossip site Gawker has called Paypal founder Peter Thiel a comic book villain who mounted a “vindictive campaign” of lawsuits against the site.

Gawker lost a $140m lawsuit Mr Thiel funded on behalf of ex- wrestler Hulk Hogan two months ago, and faces an uncertain future.


Mr Thiel told the New York Times he funded legal actions as a deterrent rather than for revenge.
Mr Thiel was outed as gay by Gawker’s Valleywag blog in 2007.
Gawker chief executive Nick Denton likened Mr Thiel to a “comic-book villain” in an open letter.
Valleywag also ran a number of stories about Facebook, which provided part of Mr Thiel’s estimated $2.7bn fortune. Mr
Thiel is on the Facebook board.

On Thursday Gawker’s Mr Denton said in the letter to Mr Thiel: “This vindictive decade-long campaign is quite out of proportion to the hurt you claim. Your plaintiff’s lawyer, Charles Harder, has sued not just the company, but individual journalists… Peter, this is twisted.”

“Now you show yourself as a thin-skinned billionaire who, despite all the success and public recognition that a person could dream of, seethes over criticism and plots behind the scenes to tie up his opponents in litigation he can afford better than they.”

But Mr Thiel told the New York Times: “It’s less about revenge and more about specific deterrence… I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bull