I have said this a few times and it goes somewhat against the grain but Peter Thiel is just another idiot with too much money and not enough people around him pushing back on his dumb ideas. We as the working class shouldn’t be afraid of him, that’s what he wants.
I also did some rough napkin math on his net worth and he’s barely more successful than the S&P 500. His two big breaks were getting lucky with PayPal and Facebook investments. The rest of his net worth is pretty much just as good as dumping those two companies’ proceeds into the stock market and sitting there.
People get scared of his companies but I bet their products kinda suck.
I acknowledge that they aren’t exactly doing the Lord’s work.
But really what I’m saying is detached from that. I’m saying that they are a run of the mill government contractor. If it wasn’t them it would be someone else or maybe it would even be software developed in-house.
Peter Thiel isn’t some kind of evil genius Bond villain for deciding to leave the ruthless competition of the private sector where you actually need to deliver a good product and instead live off of government contracts where vendor choices are more limited.
I wouldn’t be surprised if Target had more sophisticated data profiling tools than Palantir.
This misses the motive. PT is motivated by way more than money and his goals are entirely undemocractic. Target's data profiling is banal greed and myopia, while it constructs an apparatus that is dystopian, PT has dystopian goals.
I also did some rough napkin math on his net worth and he’s barely more successful than the S&P 500. His two big breaks were getting lucky with PayPal and Facebook investments. The rest of his net worth is pretty much just as good as dumping those two companies’ proceeds into the stock market and sitting there.
People get scared of his companies but I bet their products kinda suck.