Thiel trashes Twitter, likes Google over Apple

Through the prism of The Good, The Bad, and The Ugly on Wall Street, here are three top items for investors on Wednesday.

Venture capitalist Peter Thiel trashed Twitter in a CNBC interview. "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 investor said. Twitter did not have any immediate response.

Michael Nagle | Bloomberg | Getty Images/Georges Gobet | AFP | Getty Images

Thiel also said he'd invest in Google over Apple. But he said on "Squawk Box" that he had major concerns about both companies. "The risk with Google is the EU antitrust stuff. The risks with Apple are that, at some point, they lose the pricing power on the phone," he said.

(Disclosure: Thiel does not own shares of Twitter, Google or Apple.)

And finally, CNBC's Joe Kernen, a fiscal conservative, was impressed with Thiel's political views. He says it's a breath of fresh air that the venture capitalist is a libertarian in liberal-leaning Silicon Valley.

—By CNBC's Matthew J. Belvedere

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