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Palantir

Palantir

Daily Crunch: Peloton might expand its product lineup

Peloton’s product lineup is both getting cheaper and more expensive, Nintendo announces a new retro device and Palantir reveals more about its governance plans. This is your Daily Crunch for September 4, 2020. The big story: Peloton might expand its product lineup Peloton is preparing to add new products at…
bubmag
September 5, 2020
Palantir

Palantir will have a stock structure that ensures its 3 founders will remain in control ‘for the foreseeable future’

Palantir CEO Alex Karp, left, and director Peter Thiel will exercise outsized control over the company, thanks to special shares they will hold. Chesnot/Getty Images; Chip Somodevilla/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Palantir has an unusual voting structure…
bubmag
August 26, 2020
Palantir

Palantir could spend as much as $1.5 billion on Amazon Web Services and Microsoft Azure over the next five-plus years, even as the startup’s work with ICE drags Amazon into controversy (AMZN, MSFT)

Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc., attends the Allen & Company Sun Valley Conference on July 7, 2015 in Sun Valley, Idaho. Scott Olson/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. The big data tech…
bubmag
August 26, 2020
Palantir

Palantir says it hasn’t turned a profit any year since its founding in 2003, and warns that it may never make money

Palantir publicly filed stock-listing paperwork on Tuesday and revealed nearly $580 million in 2019 losses. The company said it has "incurred losses each year" since its founding in 2003.  Like other money-losing companies have recently warned in their paperwork before going public, Palantir said it may never turn a profit.Palantir reported in…
bubmag
August 26, 2020
Palantir

Read the letter Palantir’s CEO wrote attacking Silicon Valley companies as unpatriotic ‘engineering elites’ and allying itself with the Trump administration

In its filing for a direct listing made public on Tuesday, secretive data-crunching firm Palantir is distancing itself from Silicon Valley — and pitching itself as a staunch ally to the US military and intelligence agencies.Palantir, which has several high-profile contracts with agencies like the Pentagon and ICE, claimed in…
bubmag
August 26, 2020
Palantir

Secretive surveillance company Palantir says activists’ criticisms could hurt its business — but so could addressing their concerns

Palantir revealed its stock-listing documents Tuesday, offering one of the first in-depth looks at the secretive data company's financials.In the documents, Palantir acknowledged that criticisms from "political and social activists" as well as "unfavorable coverage in the media" could pose risks to its business.Palantir has long been scrutinized for its…
bubmag
August 26, 2020