Early Facebook investor Peter Thiel just went on CNBC and trashed Twitter management.
He blames pot smoking.
“Twitter is hard to evaluate. They have a lot of potential. It’s a horribly mismanaged company — probably a lot of pot-smoking going on there. But it’s such a solid franchise it may even work with all that,” said Thiel.
Early Twitter investor Bijan Sabet caught the segment and tweeted a response: “I’ve never met Peter but this is so nasty, silly and wrong.”
Thiel is a libertarian known for contrarian views. He believes that too many entrepreneurial kids go to college. He wants to create a libertarian city state on a platform out at sea.
Given all that, former Twitter executive Jason Goldman had this to say following Thiel’s CNBC hit:
We’ve emailed Thiel and asked him to clarify his comments, and will update this post if and when he writes us back.
There are a number of very successful pot-smokers in the world, from Richard Branson to Progressive Corporation’s former CEO and current chairman Peter Lewis.
Here’s the clip: