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Peter Thiel Teaches Billionaires How To Go Nuclear

  • Fusion, Thursday, May 26, 2016 8:20 AM

By funding Hulk Hogan's lawsuit against Gawker, PayPal co-founder Peter Thiel "gave the world a master class in how a billionaire can achieve enormous ends with a relatively modest investment," writes Felix Salmon at Fusion.

"If Thiel’s strategy works against Gawker, it could be used by any billionaire against anymedia organization. Sheldon Adelson, Donald Trump, the list goes on and on.... Thiel has shown them how to go thermonuclear: bankroll other lawsuits, as many as it takes, and bankrupt the news organization that way."

Read the whole story at Fusion »

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