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

We discuss Hulk Hogan's successful suit against Gawker and look at whether Microsoft can get us to buy a new Xbox every year.

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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.

The 3:59 gives you bite-size news and analysis about the top stories of the day, brought to you by CNET Executive Editor Roger Cheng, Senior Writer Ben Fox Rubin and Producer Bryan VanGelder.

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

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