Palantir

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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…

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A secretive software-maker says hello to the stockmarket—and goodbye to Silicon Valley“ONE NEVER really knows who one’s enemy is.” The words of Jürgen Habermas, a noted Frankfurt School philosopher, are a good point of departure for understanding Palantir Technologies. On August 25th the controversial software firm, named after a magical…

Palantir Technologies, a data-mining company with deep ties to U.S. intelligence and military agencies, has shed a good deal of its trademark secrecy about its business in filing for a Wall Street stock offering.Like many other tech companies, it will be going public without ever turning a profit.In filings with…

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…

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…

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…

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…