Peter Thiel

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Twitter is run by potheads, suggests famed investor Thiel

Iconoclastic investor Peter Thiel says Twitter is horribly mismanaged because there's "probably a lot of pot-smoking" there.

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With ‘Silicon Valley,’ ‘Office Space’ creator pokes holes in tech’s shiny exterior

HBO gave a sneak peek in its show’s namesake to see if people from the iconic tech hub can take a joke. Turns out they can.

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<p>Technology's richest can't seem to stay away from wacky desires -- to live forever, to colonize other planets, to recreate the plot line of "Deep Impact," minus the apocalypse. Here's a quick tour of some of the most <a href="http://news.cnet.com/8301-10797_3-57608544-235/billion-dollar-babies-far-out-pet-projects-of-the-tech-elite/">far-out pet projects of the tech billionaires club</a>.</p>



<p> Tesla Motors and SpaceX CEO Elon Musk isn't content with being a real-life inspiration for "Iron Man's" Tony Stark. No, he'd like to expand from superhero to secret agent, specifically James Bond. So he purchased a <a href="http://news.cnet.com/8301-1023_3-57608010-93/elon-musk-is-the-anonymous-buyer-of-the-james-bond-lotus-submarine/" >Lotus Esprit submarine from the 1979 film</a>, "The Spy Who Loved Me," for $1 million at auction. He hopes to infuse it with some Tesla magic and a dash of millionaire mad genius. 

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"It was amazing as a little kid in South Africa to watch James Bond in 'The Spy Who Loved Me' drive his Lotus Esprit off a pier, press a button, and have it transform into a submarine underwater. I was disappointed to learn that it can't actually transform," Musk said. "What I'm going to do is upgrade it with a Tesla electric powertrain and try to make it transform for real."

Tech billionaires chase their wildest dreams (pictures)

Given the wealth concentrated in Silicon Valley, it's no surprise that tech CEOs and founders put their money toward the seemingly impossible, on land, on sea, and in space.

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Clinkle CEO Lucas Duplan

Mobile payments startup Clinkle nabs $25M in early investments

The two-year-old company says it's created a shopping experience that won't include cash or credit cards. It won't say how it does it, yet, but Silicon Valley's top investors believe it.

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Peter Thiel leads $6M funding round for TransferWise

The peer-to-peer online currency exchange, which seeks to use the Internet to make it easier to transfer funds among currencies, has transferred more than $195 million since its founding in 2011.

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Peter Thiel funds next round of under-20 entrepreneurs

The latest group of "20 Under 20" Thiel Fellows includes a junior at Harvard who's leaving to work on education software. Other projects: a desktop fabricator for electronics and a telepresence device.

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Facebook elects second woman to board

UCSF Chancellor Susan Desmond-Hellmann joins Sheryl Sandberg in adding a womanly touch to the social network's once males-only club.

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Airbnb Neighborhoods: Last word in picking best place to stay?

The room- and house-rental service is trying to give its users a way to easily choose among many different locations -- and pick the one that's best for them.

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Facebook insiders could sell 773 million shares Wednesday

The largest set of employee stock shares since the company's IPO can be sold this week as another stock "lockup" expiration date passes.

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Facebook stock: Let the insider selling begin

Still far below their IPO price, Facebook shares will likely face new pressure as insiders become free to sell hundreds of millions of pre-IPO shares. In early trading today, the stock sinks 3 percent.

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Peter Thiel says the United States no longer cares much about science or technology

Peter Thiel could invest $150M in Airbnb -- WSJ

An early Facebook investor and a co-founder of PayPal, Thiel would join Andreessen Horowitz and Sequoia Capital in giving Airbnb a $2.5 billion valuation, the Wall Street Journal reported.

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Stripe Connect gets the money train rolling for online shops

Stripe enables any Web site to take credit card payments with no merchant account. Now it's extending that service to stores and groups that use platforms like Shopify, Reddit, or Skillshare.

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