Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place — binge watching.Entertainmentread more
There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
CNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more
CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.Marketsread more
Western Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances...CNBC Disruptor 50read more
Peter Thiel is getting closer to his goal: Gawker Media has filed for bankruptcy protection and says it eventually plans to find a new owner for the company.
Gawker and owner Nick Denton are making the Chapter 11 filing today, in order to avoid paying Thiel and Hulk Hogan the $140 million judgment they won in Hogan's privacy trial earlier this year.
Gawker has told it employees it still plans to fight the Thiel/Hogan case and to operate its publishing business while it does so. But it is also now formally entertaining offers to buy the company and says it has a firm bid from publisher Ziff Davis to buy the entire operation for less than $100 million.
Read more at Recode:
Another high-profile Twitter user appears to have been hacked: #Blacklivesmatter activist DeRay Mckesson
Yahoo bidders can't even agree on what they're buying
Cortana comes to Xbox One, but Microsoft needs a bigger Trojan horse for the home
Gawker and its banker Mark Patricof assume that the company will eventually see higher bids while it is in bankruptcy protection. Last year, in advance of the Hogan trial, Denton figured his company was worth something in the $250 million to $300 million range.
But in any case the company won't trade hands until Gawker either beats back Thiel and Hogan or it finishes a court-approved restructuring. Because no one wants to buy an ongoing lawsuit from Peter Thiel.
Ziff Davis itself is a company that has gone through the Chapter 11 process. The company was once a dominant force in the trade and hobbyist magazine business, but its fortunes declined along with the print industry, and it filed for bankruptcy protection in 2008.
Ziff Davis now operates a tech-centric stable of digital titles, including IGN, AskMen and PCMag, that it says reaches more than 100 million readers a month; the company is run by former Time Inc. exec Vivek Shah.
In theory, Gawker and Denton are in this position because Gawker published excerpts of a 2012 sex tape featuring Hogan and the wife of one of his friends.
But Thiel, a billionaire who made his fortune by running PayPal, then making an early investment in Facebook, has made it clear that he funded Hogan's lawsuit to punish Gawker and Denton for a series of posts the publisher had made over the years.
"It's less about revenge and more about specific deterrence, " Thiel said last month in an interview with the New York Times. "I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest."
Funding Hogan's case, Thiel said, was "one of my greater philanthropic things that I've done."
Denton has refused to apologize for the Hogan post and has argued that Thiel's campaign against him and his company will set a dangerous precedent.
Here's part of Denton's appearance at the Code Conference earlier this month — the empty chair next to him was reserved for Thiel, who was invited to join him onstage but didn't respond to Recode's invitations.
And here's Denton's entire interview with Recode Executive Editor Kara Swisher.
—By Peter Kafka, Re/code.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.