Nick Denton: Peter Thiel's attack on Gawker shows the power of the billionaire class

In an open letter Thursday, the chief executive and majority owner of Gawker blasted Silicon Valley billionaire Peter Thiel for funding lawsuits against the online media company in a "vindictive decade-long campaign. In an interview with The New York Times this week, Thiel acknowledged he funded lawsuits against Gawker, including spending about $10 million...