Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Strait of Hormuz closed over ceasefire violations, says Iran

      Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 17 September 2014 10:43 am  |  Updated:  Friday 07 June 2019 7:12 am

PayPal’s Peter Thiel: “Twitter workers smoke a lot of pot”

By: Joe Hall

Add as a preferred source on Google

Has the co-founder of Paypal just effectively accused Twitter's workforce of being high on the job?
 
Peter Thiel, an early investor in Facebook, was speaking on American cable channel CNBC when he suggested that “there’s a lot of pot smoking going on” at Twitter's headquarters.
 
Thiel said:
 
Twitter’s hard to evaluate. They have a lot of potential. It’s a horribly mismanaged company.
 
There’s probably a lot of pot smoking going on there. But it’s such a solid franchise that maybe it works even with all that.
 
Thiel is a recognised figure in the US business media, known for strong libertarian views that led him to investing over $1m in the Seasteading Institute, which aims to build autonomous dwellings at sea outside of government control.
 
 
In 2012 he made $400m (£244.86m) after selling his 20 million shares in Facebook – originally purchased for just $500,000.
 
Thiel's disparagement of Twitter shouldn't come as too much of a surprise. After all, his account on the social media platform currently averages one post every five years.
 
Early Twitter investor Bijan Sabet hit back at Thiel, tweeting: “I've never met Peter but this is so nasty, silly and wrong”, with a link to his comments attached.
 
Jason Goldman, a former executive at Twitter, also poked fun at Thiel and his political views:
 

Yo but how high were you when you decided to go live on an ocean platform. "No not like. It *is* Waterworld man." pic.twitter.com/rb3DHOfusQ

— Jason Goldman (@goldman) September 17, 2014

 
 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • PayPal
  • Twitter

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • Palantir ‘should challenge Sadiq Khan in court’ over blocked Met Police contract

    Legal
    London Mayor Sadiq Khan
  • Palantir to sue Khan over blocked Met police contract

    Legal
    The Mayor of London says he stands ready to help form a bid for the 2040 Olympic Games after CityAM polling revealed widespread support for the plans.
  • NHS gives Palantir wider access to patient data amid growing backlash

    Tech
    NHS healthcare professionals in a hospital setting discussing patient care plans, wearing uniforms and medical equipment v...
  • ‘We’ve got lots of things going for us America doesn’t’: Sadiq Khan on competing with Silicon Valley

    Tech
    Sadiq Khan addressing media at a press conference in formal attire, discussing recent developments in London policies
  • Enhanced Games sells drugs and true cost won’t be known for many years

    Sport Business
    Getty Images logo on a digital screen, symbolizing its role in media and photography industry news.
  • Forget Palantir, Microsoft is the government’s real tech problem

    Opinion
    At the centre of Microsoft’s pitch is the idea of agents - small, specialised AI systems trained to take on specific security tasks.
  • City law firm Shoosmiths invests extra £1m in firm’s bonus pot

    Legal
    Business professionals in formal attire engaged in a lively discussion at a corporate meeting in a modern office setting.
  • John Healey’s principles will cost UK defence companies

    Opinion
    Breaking news concept with a digital world map and stock market graphs, illustrating global business trends and data analy...

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies