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Peter Thiel owns a company called Palantir that designs its offices to look like Hobbiton.

It might be less of a misinterpretation and more of an on the nose joke about being overtly evil.

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They are Tolkien fans and yet they are building the devices (Palantir, Anduril) which evil will eventually use to dominate. Palantir is well-named but tragic that a fan would build it. Anduril is poorly-named as it is the sword used to combat industrial power rather than represent it.
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