Paypal co-founder's secret war against Gawker (The 3:59, Ep. 52) - CNET

PayPal co-founder Peter Thiel may have brought down gossip website Gawker Media.

Thiel admitted he bankrolled former professional wrestler Terry "Hulk Hogan" Bollea's defamation lawsuit against Gawker. I tap special guest Iyaz Akhtar's legal background and talk about whether this sets a precedent for the rich going after media outlets they may not like.

Also, we discuss whether Microsoft can get us to buy Xboxes like we buy phones -- once a year. We both ponder the insanity of this and speculation that two more Xbox consoles are on their way.