Silicon Valley venture capitalist Peter Thiel trashed Twitter Inc (NYSE:TWTR) in a CNBC interview Wednesday.

“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,” the co-founder of PayPal and early Facebook Inc (NASDAQ:FB) investor said in a “Squawk Box” interview.

Peter Thiel: Twitter Executives Probably Smoke Too Much Weed

Peter Thiel: Twitter Executives Probably Smoke Too Much Weed