[s_m_t]

Actually the palantiri were created by the elves as communication tools, even before the sun and moon were created, and used by the good guys for several thousand years before they fell in the hands of the bad guys about halfway through the third age.

[avn2109]

Just like how a lot of computing was built by the good guys as communication tools/for fun, before the sun and moon were created back in the 1970's, and used by the good guys for several decades before computing fell into the hands of the bad guys aka surveillance state.

I've always interpreted it to mean that Thiel dislikes bullshit, so he's kinda sheepishly telling everyone who is sufficiently detail oriented/nerdy exactly what his new company is all about, right there in the name.