Earlier quoted context omitted.
I don't feel bad for Gawker at all. I do, however, feel concerned that a rich person like Thiel can buy litigation. That's a highly dangerous capability. He's using that power for good in this case, but I doubt he always will.
> I do, however, feel concerned that a rich person like Thiel can buy litigation. That's a highly dangerous capability. Welcome to the legal system. Money allows you to mount lawsuit (frivolous or not) and mount effective defenses against them. The problem is when there's an imbalance: when a tech giant sues a small start-up (e.g., Zynga suing over the "Saga" trademark) or when an individual elects not to sue a large…
Thiel shows why tech billionaires are the new robber barons
381–383 of 383 posts
Re: Thiel shows why tech billionaires are the new robber barons
#382Earlier quoted context omitted.
> I do, however, feel concerned that a rich person like Thiel can buy litigation. That's a highly dangerous capability. Welcome to the legal system. Money allows you to mount lawsuit (frivolous or not) and mount effective defenses against them. The problem is when there's an imbalance: when a tech giant sues a small start-up (e.g., Zynga suing over the "Saga" trademark) or when an individual elects not to sue a large…
Follow up: the other argument here is that the damages awarded from the Hogan verdict shouldn't bankrupt Gawker. And that's a fair point: if total corporate annihilation is a possible outcome from publishing a story, then would the press be more leery of posting important, controversial news. Thus impacting the value of a free press. Again, valid argument (though this case is a bad example). But your quibble is with…
Re: Thiel shows why tech billionaires are the new robber barons
#383Earlier quoted context omitted.
I don't feel bad for Gawker at all. I do, however, feel concerned that a rich person like Thiel can buy litigation. That's a highly dangerous capability. He's using that power for good in this case, but I doubt he always will.
He does have to buy the right litigation though. Thiel can't just sue the NYT out of existence because he gets it into his head to do so. He'd need to find a meritorious suit.