The rumors seemed like something straight from a episode of HBO's satirical "Silicon Valley" TV show: A wealthy Silicon Valley venture capitalist was said to be funding the high-profile lawsuit by Hulk Hogan against the online gossip news site Gawker.But now, several news reports are saying that it's true, and the VC backing Hogan is Peter Thiel, one of the most colorful and successful VCs in the industry.
In March, a jury awarded Terry Bollea aka Hulk Hogan $140 million in damages for publishing a sex tape, and due to a curious change in the charges he brought against Gawker, Gawker's insurance was not on the hook to pay for legal fees or damages.Gawker is appealing, but if it loses, it looks like it will have to pay out of pocket, a potentially business-ending liability.
Here are some of the funnier things people are saying: Or really any concept that involves Peter Thiel sending a horde of Hulk Hugans to stop you.
— pragma mark dagon @mdhughes May 25, [email protected] @Popehat waiting 9 years to use Hulk Hogan as your catspaw to get vengeance is worthy of some sort of respect — UltimateMaleFeminist @damienredicamn1 May 25, [email protected] open secret that Facebook has a longtime pro pro wrestling bias — Peter Kafka @pkafka May 25, 2016 Hulk Hogan was like "LET'S GET 'EM BROTHER" and Thiel was all "Indeed, let's."
— Downtown Josh Brown @ReformedBroker May 25, 2016 @BenedictEvans I heard he's The Stig — Dion G. @McDionalds May 25, 2016 Atop his floating compound, an enraged Peter Thiel bellows into a Vertu You assured me no one would know!
— Vivian Yee @VivianHYee May 25, [email protected] @GreatDismal bet Peter Thiel is behind this.