Peter Thiel

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Gawker Just Got Its Own Billionaire Backer in Hulk Hogan Trial

Hogan vs. Gawker is essentially now PayPal vs. eBay

(Newser) - Hulk Hogan's ongoing lawsuit against Gawker is starting to look a lot like a game of Rock'em Sock'em Robots with two tech billionaires at the controls. On Thursday, PayPal cofounder Peter Thiel admitted to secretly funding Hogan's lawsuit to the tune of $10 million. Reuters reports... More »

Gawker's Open Letter to Thiel: 'Peter, This Is Twisted'

Nick Denton challenges 'thin-skinned billionaire' to debate

(Newser) - Gawker founder Nick Denton has fired back against what he calls a "vindictive decade-long campaign" funded by PayPal founder Peter Thiel. In an open letter , Denton recaps legal actions against the company and Gawker writers and says: "Peter, this is twisted. Even were you to succeed in bankrupting... More »

PayPal Founder Admits Plan to Kill Gawker

It's about sticking up for the little guy: Peter Thiel

(Newser) - Peter Thiel admits he spent around $10 million to fund lawsuits against Gawker in the hope of ruining the media company—and it's "one of my greater philanthropic things that I've done." But "it's less about revenge and more about specific deterrence," the... More »

PayPal Founder May Be Behind Legal Attack on Gawker

Peter Thiel reportedly funding Hulk Hogan's lawsuit

(Newser) - The founder of PayPal has long made clear that he hates Gawker. Now Forbes reports that Peter Thiel is using his billions to fund a potentially devastating legal fight against the media group. Specifically, the report says Thiel has been secretly funding Hulk Hogan's lawsuits against Gawker over the... More »

How PayPal's Founder Plans to Live to 120

Peter Thiel is taking human growth hormone daily, follows paleo diet

(Newser) - PayPal co-founder Peter Thiel hopes to stick around to enjoy a fortune estimated by Forbes at $2.2 billion into the 2080s at least. The venture capitalist and Facebook investor, 47, says he "certainly hopes to" live to 120 and is already taking steps to help him get there.... More »

Coming Soon: Leather From a Lab?

And someday ... lab-grown meat, too?

(Newser) - Love the look of leather jackets, but can't handle how they're made? Within five years, you could be donning a leather jacket that was grown in a lab, according to one company. Modern Meadows is developing lab-grown leather and even lab-grown meat, but is focusing on leather right... More »

Facebook's Problem Isn't Zuckerberg, It's Peter Thiel

George Anders thinks a better board could turn Facebook around

(Newser) - Bedrock investor Peter Thiel has sold off more than 90% of his stake in Facebook, and it might be high time he followed that stock out the door. Thiel still has a seat on Facebook's board, even though he now holds just 5.6 million shares, or 0.3%... More »

Facebook's 1st Big Investor Dumps His Stock

Peter Thiel's move could be bad news

(Newser) - PayPal founder Peter Thiel, Facebook's first major investor and also a board member, has sold off the majority of his shares. Thiel invested $500,000 in Facebook in 2004, and has made more than $1 billion from that investment, the Wall Street Journal notes. He had already sold some... More »

The Great American Trap: Competition

Paypal founder shows that US instead needs 'creative monopolists'

(Newser) - Peter Thiel spent most of his life competing. He competed to get into Stanford, and then Stanford Law, and then to become a clerk for a federal judge. But it was when he lost a competition—to become a Supreme Court clerk—that Thiel became a real success, founding PayPal... More »

PayPal Founder Gives $1.7M to Ron Paul

Or more specifically, to Ron Paul's super PAC

(Newser) - PayPal co-founder Peter Thiel knows a thing or two about sending money, and last month he sent $1.7 million worth of it to "Endorse Liberty," a super PAC backing Ron Paul, according to documents released today. Thiel is a long avowed Paul fan, and is so far... More »

Next Bubble to Burst? Higher Education

We invest vast sums in a future that may not exist, says Peter Thiel

(Newser) - We’re in the midst of another bubble, and it's not an Internet one, according to PayPal co-founder Peter Thiel. It's a higher education bubble, and "like the housing bubble, the education bubble is about security and insurance against the future,” writes Sarah Lacy, who sat down to... More »

Gay Plays Well for Maverick VC

So says Valleywag about contrarian PayPal founder Thiel

(Newser) - In Silicon Valley, where "like funds like," Valleywag thinks it's important to note that Peter Thiel, "the smartest VC in the world, is gay." Why mention it? Thiel's Founders Fund, which just raised a $220 million financing round, could reinvent the way entrepreneurs get paid, and... More »

Inside the 'PayPal Mafia'

Company's first generation behind $30 billion of cutting edge companies

(Newser) - They may be the most brilliantly successful—or luckiest—or both—small group of entrepreneurs in history: PayPal alumni who, like founders Peter Thiel and Max Levchin, left the company to create $30 billion worth of innovation: YouTube, Facebook, Slide, Yelp, Digg, investment firms, philanthropies, solar-power companies, an electric car... More »

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