But if you haven't, you really ought to read Benedict Evans piece on this:
> Again, though, Thiel has already won. He is fabulously wealthy and extremely influential, and say what you will about Gawker, the liberal democracy that made it possible for the companies Thiel has built and invested in to emerge depends on a free press; driving a publication to bankruptcy via lawyer fees may be legal by the letter of the law, and even deserved on a personal level, but it is in absolute violation of the spirit of the law and, I might add, a rather hypocritical — or is it ironic? — use of government by the avowed libertarian Thiel. What are more concerning, though — and implicit in this concern is a critique of libertarianism — are the second and third-order effects of Thiel’s approach.
> The most obvious second-order effect is that, as Felix Salmon writes, Thiel is providing a blueprint for the suppression of the press by the wealthy. But what concerns me — and what ought to concern Thiel, and all of the Silicon Valley elites celebrating his actions — are the third order effects. Specifically, Thiel’s actions are bringing into stark relief the fundamental weakness of old analog businesses like journalism relative to the incredible power and strength of the technology sector, and if companies follow Thiel’s example, the freedom that makes the emergence of said companies possible could quickly come under threat — and deservedly so.
I just don't fully agree. I see a powerful person doing what nobody else was willing to do - hold a powerful and abusive media organization to account for their actions. It's far from ideal. However, no ideal answer was on offer. In an ideal world, this whole thing wouldn't have happened.
To me, it is a stepwise improvement over the previous state of affairs. This reminds powerful people and organizations of something important - they are not the only ones with power.
I find a private, rich entity shutting down a media company much scarier than a media company publishing facts.