The founder of Gawker Media, Nick Denton, faces personal bankruptcy after a US judge refused to extend protections shielding him from liabilities in the Hulk Hogan privacy case.
I knew that Gawker had gone into Chapter 11 but wasn’t aware that Denton was threatened personally.
Denton said in court that he has two assets, his equity in his apartment and his stock in Gawker. Denton owns about 30% of Gawker. The value of the equity of his apartment was not referenced in court.
What happened to all the money he made from First Tuesday?