Twitter Execs Are Too Baked to Properly Run the Company, Says Billionaire Investor

Josh WolfordBusiness

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Peter Thiel, Billionaire investor and co-founder of PayPal, thinks the folks over at Twitter should probably lay off the pot.

In an interview with CNBC, Thiel called the company "horribly mismanaged" and said that it's hard to evaluate its potential going forward.

"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.

"One of the paradoxes is when you have a business model as good as Twitter – where you have 140 characters, no one can copy it, no one can compete – you can be screwing a lot of other stuff."

Thiel's clearly not a huge fan of Twitter. He doesn't own any Twitter stock and has only ever tweeted one time, despite joining the service in 2009. He hawked his new book on September 8th.

I guess this should be expected from Facebook's first outside investor.

Image via Wikimedia Commons

Josh Wolford
Josh Wolford is a writer for WebProNews. He likes beer, Japanese food, and movies that make him feel weird afterward. Mostly beer. Follow him on Twitter: @joshgwolf Instagram: @joshgwolf Google+: Joshua Wolford StumbleUpon: joshgwolf