Hulk Hogan

Peter Thiel's decade-long revenge that bankrupted Gawker

Sam recounts how Peter Thiel, outed as gay by Gawker, plotted for ~10 years with two staffers sniffing for an infraction, then funded Hulk Hogan's sex-tape lawsuit to put Gawker out of business. The lesson: this is litigation finance in action.

“So Peter Thiel is like Powerful VC. He's gay. He didn't want anyone to know he's gay. Gawker wrote an article saying he's gay. And so he plotted for 10, 15 years, probably 10 years. He goes, whenever I see these guys slip, I'm pouncing.”