Donald Trump Delegate And PayPal Founder Secretly Funding Hulk Hogan’s Lawsuit Vs. Gawker
Peter Thiel, co-founder of PayPal and a delegate for Donald Trump has been secretly funding Hulk Hogan (aka Terry Bollea)’s lawsuit againt Gawker Media. What’s happening here? Why?
Forbes reported on Tuesday:
Peter Thiel, a PayPal cofounder and one of the earliest backers of Facebook FB +1.50%, has been secretly covering the expenses for Hulk Hogan’s lawsuits against online news organization Gawker Media. According to people familiar with the situation who agreed to speak on condition of anonymity, Thiel, a cofounder and partner at Founders Fund, has played a lead role in bankrolling the cases Terry Bollea, a.k.a. Hogan, brought against New York-based Gawker.
Money may not have been the main motivation in the first place. Thiel, who is gay, has made no secret of his distaste for Gawker, which attempted to out him in late 2007 before he was open about his sexuality. In 2009, Thiel told PEHub that now-defunct Silicon Valley-focused publication Valleywag, which was owned by Gawker, had the “psychology of a terrorist.”
Earlier this month, it was revealed the Thiel was a Trump delegate in California.