At least they have the decency to tell you who they work for right in their name.
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.
But that, in turn, is arguably a great metaphor for the chilling effects of advanced persistent threats and abuse of surveillance capabilities by our ostensible/former allies.