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Tech

Hulk Hogan's Gawker suit funded by Thiel: Forbes

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Tech

Hulk Hogan's Gawker suit funded by Thiel: Forbes

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COMING UP:Hulk Hogan's Gawker suit funded by Thiel: Forbes

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Transcript

00:00:02
>> Hulk Hogan's sex tape lawsuit against Gawker, brought to you by Silicon Valley. Tuesday, Forbes reporting that tech heavyweight Peter Thiel is bankrolling the pro wrestler's lawyers in a showdown against the site, and its owner Nick Denton. In 2007, Gawker published this article, outing Thiel as gay. Reuters correspondent Sarah McBride.
00:00:21
>> That is apparently part of the reason that Peter Thiel has held a years long distrust and dislike of Gawker.>> Thiel would later call the sites now defunct tech culture blog Valley Wag, Silicon Valley's equivalent of Al Qaeda. The site reported such trends as growing a beard to mask pure evil, that's Uber CEO Travis Kalanick, to detailed coverage of Elon Musk's love life.
00:00:46
>> Here, a lot of the media coverage tends to be very fawning. And so I think people can be a bit sensitive here. They're certainly not used to the same level of scrutiny that might happen in other places like New York and L.A..>> Peter Thiel is part of the so called PayPal mafia, later investing in Facebook where he's currently on the board.
00:01:07
More recently, he's made headlines as of one of Donald Trump's few known Silicon Valley backers. Thiel's rep said they didn't have an immediate statement, but they didn't deny that he was paying for at least part of Hogan's lawsuit. In March, Hogan won $115 million in damages against Gawker over its publication of his sex-tape, and he's suing them again for leaking tape of him on a racist tirade.