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.

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.