Gawker’s demise offers a storybook ending showcasing the power of deep pockets.
Gawker – the celebrity gossip blog – has posted its final story after Terry Bollea (a.k.a. wrestler Hulk Hogan) won a $140 million privacy lawsuit against the Gawker Media Group. In the website’s final post on August 22, 2016, Gawker Media founder Nick Denton bids readers good-bye and explains that this is a fitting end for a website that strived to help people understand “how things work” and the “secret ways that power manifests itself.” getAbstract recommends this article to people who have followed the lawsuit and to anyone interested in the power of deep pockets.
In this summary, you will learn
- Why venture capitalist Peter Thiel had a vendetta against the gossip blog Gawker’s parent company,
- Why Gawker went into bankruptcy and
- How deep pockets influence media outlets.
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