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Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

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Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

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LeadershipGawker

Billionaire Peter Thiel Helped Bankrupt Gawker. Now He May be Looking to Buy it

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November 22, 2017, 9:06 PM ET
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Venture capitalist Peter Thiel may be looking to buy online news site Gawker.com, BuzzFeed said on Wednesday.

Thiel‘s lawyers have objected to the currently ongoing sale process of Gawker.com, saying that he has been prohibited unreasonably from bidding for the website’s assets, the internet media company reported, citing a federal bankruptcy court filing.

Thiel, who is Facebook‘s (FB) first major investor and a co-founder of payment service PayPal (PYPL), is known for funding the Hulk Hogan lawsuit that led to the shutdown of Gawker. The site published an article in 2007 about Thiel‘s homosexuality.

He may buy the defunct website to stop any legal threats against him or to remove content, BuzzFeed reported.

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