The billionaire Peter Thiel has made himself vulnerable to a political backlash, according to Nick Denton, the founder and former owner of Gawker Media Group, the blog network that made enemies with the tech entrepreneur. “If there was ever a political backlash against this moment, he has made himself very exposed,” he said. Thiel could become a scapegoat of the current political tensions in the US, he said. “Now you have monopoly profits of companies, like Facebook, funding the fortunes of billionaires, like Peter Thiel, and the media, by comparison, is financially outmatched,” he said. Denton said it was “lucky timing” that he had settled the Hulk Hogan lawsuit a week before the 2016 election.

Source: The Guardian March 12, 2017 19:41 UTC