Nick Denton on Betting Against Elon Musk, Aligning With Peter Thiel, and Selling That SoHo Loft [English]

Author: DNyuz | Source: DNyuz | Read the full article in English

In a recent interview, Nick Denton, the founder of Gawker Media, shared his thoughts on various topics, including his past experiences in the media industry and his current financial strategies. Denton, who has a history of provocative journalism, reflected on the downfall of Gawker, which stemmed from a lawsuit involving a leaked sex tape. He acknowledged that the legal battle, funded by billionaire Peter Thiel, ultimately led to the sale of Gawker Media and his personal bankruptcy, which he later overcame.

Denton also discussed his views on tech mogul Elon Musk and his financial investments. He revealed that he has placed a bet against Tesla's stock, expressing concerns about Musk's focus and the company's future in the competitive electric vehicle market. Despite his critical stance, Denton admitted to having a complicated relationship with Musk, noting that he once admired him for his innovative contributions to technology.

Additionally, Denton mentioned his plans to sell his SoHo loft, emphasizing the changing dynamics of New York's media scene and his desire to return to Budapest, where he began his journalism career. He expressed a sense of nostalgia for the vibrant media culture of the past while acknowledging the challenges of the current political landscape in both the U.S. and Europe.

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