![]() ![]() "We are focused on running our business, putting out good stories, and getting our brands and people safely under new ownership," Denton told POLITICO in an instant message. Gawker Media CEO Nick Denton, who is preparing for the sale of the company, had a terse response to Thiel's op-ed. Thiel said that bill has been nicknamed "the Gawker bill." Financially crippled by the damages, Gawker had no choice but to fold and declare bankruptcy. Thiel closed the op-ed by advocating for the Intimate Privacy Protection Act, a bill before the House that would criminalize the distribution of explicit photos without the consent of the subjects in the photos. The other man at the center of the storm is Nick. Bollea’s continuing defense of his own rights," Thiel wrote. A Silicon Valley billionaire has made it his mission to put the digital media company Gawker out of business. is out of business because one wealthy person maliciously set out to destroy it, spending millions of dollars in secret, and succeeded. "Gawker made the right decision by backing down, but I doubt the company would have done so without the pressure of Mr. A decade earlier, in its casually cruel way, Gawker had outed Thiel, so he decided, coldly and deliberately, to drive it out of business, secretly funnelling 10 million into cases against the US. After widespread criticism, Gawker removed the post. Thiel also mentioned an incident last year in which Gawker reported that a media executive with a wife and children had tried to arrange an assignation with a gay prostitute. The sites have a total global readership of 90 million, according to the company. Thiel said that he will continue to fund the Hogan case, which Gawker is appealing, and that he would fund other people in similar situations. Gawker Media’s other blogs include the women-focused Jezebel, tech-oriented Gizmodo and sports site Deadspin. Thiel defended his financial support of Hulk Hogan (real name: Terry Bollea), the former professional wrestler who sued Gawker for invasion of privacy after published an excerpt of one of his sex tapes in 2012. "Gawker Media Group has put itself up for sale (bids are due Monday afternoon) in part to satisfy the legal judgment of a unanimous jury that ruled against Gawker and assessed damages of $140 million, proving that there are consequences for violating privacy," he wrote. ![]()
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