Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue

by Ryan Holiday

In the years he conspired against Gawker, Thiel would come to see the U.S. legal system differently. He later said that, before the case against Gawker, he had believed that the problem in America was too many lawsuits and too many lawyers. Like many media outlets, Gawker’s legal strategy had been to lean into that understanding—to be the black hole of time and money whose event horizon no one could afford to confront. With his immense resources, Thiel believed he had simply changed the equation. The fact that Hulk Hogan, a “single-digit millionaire” as Thiel put it, would not otherwise have had the funds to pursue a case like this means that there might be many other legitimate legal precedents or cases that have otherwise gone unpursued out of intimidation or lack of funds (it cannot be said with a straight face that A.J. and Nick did not have “legal protection”). Having actually gone through the system, Thiel would come to believe that maybe there weren’t enough lawsuits. That people should try more. And so he puts more money behind the idea, funding in 2016 a start-up called Legalist, conceived by a Thiel fellow, dedicated to bankrolling lawsuits with a high probability of winning and possibly setting new precedents.