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San Francisco Tech Tycoon Urges Silicon Valley Leaders To Invest In...

SAN FRANCISCO (AP) — A San Francisco billionaire who co-founded PayPal and gave Facebook its first big investment now wants Silicon Valley to buy into a bigger idea: the future. Peter Thiel is urging...

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Yahoo / Tumblr Deal Renews Debate Over Techie Dropouts

SUNNYVALE (CBS / AP) — It’s one thing to say tech geniuses don’t need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college. But now we’ve got David Karp, who...

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Protesters Interrupt Talk By Peter Thiel On UC Berkeley Campus During Latest...

BERKELEY (CBS SF) — Protesters marched on the University of California, Berkeley campus and shut down a talk by PayPal co-founder and venture capitalist Peter Thiel Wednesday night. A group of around...

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Silicon Valley Billionaire Thiel May Be Funding Hulk Hogan Lawsuit

SAN JOSE (CBS / AP) — Is Hulk Hogan’s courtroom cage match with Gawker being bankrolled by a high-tech billionaire with a grudge against the news-and-gossip site? Two months after Hogan won a $140...

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Silicon Valley Billionaire Admits Funding Hulk Hogan’s Legal Fight With Gawker

SAN JOSE (CBS / AP) — Hulk Hogan’s courtroom cage match with Gawker has apparently been bankrolled by a high-tech billionaire with a grudge against the news-and-gossip site. Two months after Hogan won...

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Gawker Media Filing Chapter 11 Bankruptcy After Hulk Hogan Suit

NEW YORK (CBS / AP) – Gawker Media is filing for Chapter 11 bankruptcy protection and putting itself up for sale, strained by a jury’s verdict that that it must pay $140 million to pro wrestler Hulk...

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Silicon Valley Billionaire To Speak At Trump Republican Convention

MENLO PARK (CBS / AP) – A Silicon Valley billionaire who backs Donald Trump is among the political outsiders scheduled to speak at the Republican National Convention next week. Peter Thiel, who...

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Gawker Sold To Univision In Aftermath Of Hulk Hogan Case

NEW YORK (CBS / AP) — Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a $140 million judgment against it in the Hulk Hogan...

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Gawker.com To Shut Down Operations After Hulk Hogan Case

NEW YORK (CBS / AP) — Gawker.com is going to shut down as its parent company is sold to Univision, a reporter for the 14-year-old site said Thursday. A Gawker report Thursday said that Nick Denton,...

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Silicon Valley Billionaire Thiel Under Fire For $1.25M Trump Donation

SAN JOSE (KPIX 5) – The most high profile tech player to support Donald Trump, billionaire investor and PayPal co-founder Peter Thiel is making his first donation of $1.25 million to the Republican...

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Tech Money’s Growing Influence On American Politics

SAN FRANCISCO (CBS SF) – In this election, an unprecedented amount of money is coming from Bay Area technology companies and their employees. California has the sixth strongest economy in the world –...

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Silicon Valley Billionaire Thiel Defends Trump As ‘Only Outsider Left’

WASHINGTON (CBS / AP) — Silicon Valley billionaire Peter Thiel says he is backing Republican Donald Trump because he is “the only outsider left in the race.” Thiel was speaking Monday at the National...

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Gawker, Hulk Hogan Settle Sex Tape Legal Fight For $31 Million

NEW YORK (CBS / AP) — The shell of Gawker has settled with Hulk Hogan for $31 million, ending a years-long fight that led to the media company’s bankruptcy, the shutdown of Gawker.com and the sale of...

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Silicon Valley Billionaire Thiel Named To Trump Transition Team

SAN JOSE (CBS SF) – Silicon Valley billionaire Peter Thiel has been named to the transition team of President-elect Donald Trump. According to an official statement on Friday, Thiel is among 14 people...

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Trump Adviser Peter Thiel Faces Scrutiny Over New Zealand Citizenship

SAN JOSE (KCBS) – Peter Thiel, the Silicon Valley billionaire who is also an adviser to President Donald Trump, was able to gain citizenship in New Zealand in 2011 even though he had never lived in...

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Stanford University Hosts Peter Thiel For Open Exchange Speaker Series

PALO ALTO (CBS SF) — Stanford University announced it will host speakers with controversial and opposing views in order to expose the campus to diverse perspectives and to foster open exchange on...

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Why Peter Thiel is leaving Silicon Valley

(CNN Money) — Peter Thiel, the Silicon Valley billionaire known for his libertarian politics, is leaving the Bay Area after four decades and stepping back from tech due in part to his dissatisfaction...

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Peter Thiel’s Palantir Is Investigating Employee’s Links To Cambridge Analytica

(CNN Money) — A data crunching firm co-founded by Facebook board member Peter Thiel is investigating links between one of its employees and Cambridge Analytica. Palantir Technologies acknowledged...

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Anti-ICE Protesters Block Access to Palo Alto Software Company

PALO ALTO (CBS SF) — Palantir offices in Palo Alto were once again blocked off by protesters Friday calling for an end to the company’s data technology contracts with U.S. Immigration and Customs...

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Secretive Silicon Valley Data Firm Palantir Technologies Files For IPO

PALO ALTO (CBS SF / CNN) — Palantir Technologies, the secretive Silicon Valley data company, is about to become a little more transparent. It has filed paperwork with the US Securities and Exchange...

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