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Palantir

Palantir will have a stock structure that ensures its 3 founders will remain in control ‘for the foreseeable future’ 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 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) 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 says it hasn’t turned a profit any year since its founding in 2003, and warns that it may never make money 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’s S-1 filing says people use its services because ‘their technical infrastructure has failed them’ Palantir

Palantir’s S-1 filing says people use its services because ‘their technical infrastructure has failed them’

Data-mining firm Palantir has filed its prospectus to take the company public, and its S-1 confirms leaked information that showed the company has not turned a profit since its founding in 2003. Palantir plans to debut with a direct listing rather than selling shares in an initial public offering. It’s…
bubmag
August 26, 2020
Read the letter Palantir’s CEO wrote attacking Silicon Valley companies as unpatriotic ‘engineering elites’ and allying itself with the Trump administration 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
Secretive surveillance company Palantir says activists’ criticisms could hurt its business — but so could addressing their concerns 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
Palantir and Amazon pick Denver Palantir

Palantir and Amazon pick Denver

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bubmag
August 20, 2020