Reporter Dan Primack reports that tech mogul and Paypal co-founder Peter Thiel is joining the Trump transition team: Peter Thiel has agreed to join Donald Trump’s presidential transition team, according to multiple sources close to the situation. Thiel, a venture…
Tech Billionaire Peter Thiel Cites Trade as the Main Reason He Supports Trump
Peter Thiel, the billionaire Paypal co-founder and apparent financier of the Hulk Hogan Gawker lawsuit, spoke at the National Press Club on why he supports Donald Trump for President. Of course, this is only news because in Silicon Valley and…
Gawker Files Bankruptcy, Selling To Ziff Davis
Gawker announced today that it has filed for Chapter 11 protection from creditors in order to safeguard its assets and keep publishing while it appeals the $130 million Hulk Hogan verdict. Gawker also said that it has an agreement with…
Twitter Execs Are Too Baked to Properly Run the Company, Says Billionaire Investor
Peter Thiel, Billionaire investor and co-founder of PayPal, thinks the folks over at Twitter should probably lay off the pot. In an interview with CNBC, Thiel called the company “horribly mismanaged” and said that it’s hard to evaluate its potential…
3D Printed Meat Just Got Backing From PayPal Founder
Everybody loves a good hamburger. Part of the reason for that is that its a safe food. We all know where it comes from and how it was made. It’s hard to screw up a hamburger beyond undercooking it. Would…
Pay Pal Co-Founder Funds A Floating City…For Science
Blueseed co-founder and CEO Max Marty has a dream. In his dream there is a floating city of sorts 12 miles off shore from Silicon Valley in the middle of the San Francisco Bay. The project, named Blueseed, is an…
Facebook Investor Rules Out 2011 IPO
Would-be Facebook investors will have to wait a while before the company has a ticker symbol like GOOG, MSFT, and YHOO. Peter Thiel (re)confirmed this afternoon that Facebook won’t go public until 2012 at the earliest.
Bloomberg reported the same thing in July, meaning this isn’t exactly breaking news, but there is a difference between three anonymous sources and Thiel. Thiel’s about as close to Facebook as anyone other than Mark Zuckerberg can get.