“Peter Thiel has achieved his objectives. His proxy, Terry Bollea, also known as Hulk Hogan, has a claim on the company and my personal assets after winning a $140 million trial court judgment in his Florida privacy case. Even if that decision is reversed or reduced on appeal, it is too late for Gawk…”— Nick Denton, gawker.com
“Gawker.com is shutting down today, Monday 22nd August, 2016, some 13 years after it began and two days before the end of my forties. It is the end of an era.”— Nick Denton, gawker.com
“Just 20% of Gawker Global’s profits were taxed in the U.S.; 80% escaped the clutches of the IRS. Of the total, 55% were U.S. profits diverted to Hungary, and 25% were profits that never entered the U.S. and were recorded in Hungary.”— Jeff John Roberts, fortune.com
“If Fox News had written about Peter Thiel being gay and his fund Clarium failing, would anyone be okay with its total destruction? (Even if that destruction was carried out by going after the network on other, unrelated stories that they got wrong, as Thiel did by financing multiple lawsuits against…”— Elizabeth Spiers, heatst.com
“The online news organization founded in 2003 reports that it has less than $100 million in assets and hundreds of millions in liabilities. Gawker is currently facing a wrath of litigation that's been connected to Silicon Valley billionaire Peter Thiel. Besides the Hogan suit, there are claims from a…”— Eriq Gardner, hollywoodreporter.com
“Gawker said it will appeal the judgement in hopes of reducing the judgement.”— Mary Ann Georgantopoulos, buzzfeed.com
“Gawker Media filed for chapter 11 bankruptcy protection Friday amid a years-long legal battle with former professional wrestler Hulk Hogan. In March, a Florida jury awarded Hulk Hogan $140 million in his lawsuit against Gawker, finding the media company violated the wrestler’s privacy by posting a 9…”— Mary Ann Georgantopoulos, buzzfeed.com
“Maybe it’s time for Silicon Valley to tone things down. To admit that, no, the Valley can’t solve all human problems -- not even close -- and never will.”— Keith Emmer, reuters.com
“More broadly, the righteousness with which Thiel acted, and with which many on Twitter reacted, combined with a seeming lack of obliviousness to how this might look to the outside world, very much reconfirmed fears I have voiced repeatedly that the tech industry is headed for a regulatory disaster o…”— Ben Thompson, stratechery.com
“We're no strangers to controversy. That's why people come. And the advertisers come for that audience.”— Nick Denton, cnbc.com
“For Silicon Valley, the media spotlight is a relatively recent phenomenon. Most executives and venture capitalists are accustomed to dealing with acquiescent trade journalists and a dazzled mainstream media, who will typically play along with embargoes, join in enthusiasm for new products, and hew t…”— Nick Denton, gawker.com
“Allowing a jury to bankrupt a publisher, over content that the Florida appeals court already held was a matter of legitimate public concern, is extremely dangerous.”— Chuck Tobin, usatoday.com
“Freedom of expression will always be more popular in principle than in practice. We want to be free to express ourselves, but are less enthusiastic when that freedom is exercised by others with whom we disagree. Nobody likes a critic.”— Nick Denton, gawker.com
“This company was founded by a gay man and two women. I have never been comfortable with the role of a traditional CEO. And for obvious reasons I have never been comfortable in a company dominated by territorial men. I hope I have made space for others who don't fit the mould. And I pray that my info…”— Nick Denton, observer.com