Why is Palantir controversial?
Palantir has come under criticism due to its partnership developing software for U.S. Immigration and Customs Enforcement. Palantir has responded that its software is not used to facilitate deportations.
What is Palantir’s product?
They’re both a software company and consultancy At a basic level, Palantir provides data analytics software. The company has two product lines: Gotham and Foundry. Gotham was the first product to market and is focused on public sector customers like U.S. defense and intelligence agencies.
Who are Palantir customers?
Palantir divides its business into two customer segments:
- Government: agencies like the U.S. Food and Drug Administration, Centers for Disease Control and Prevention, and National Institutes of Health.
- Commercial: large corporations across 40 industries.
What does Palantir do?
It performs a deep search of all criminal, financial, medical, communication, and clandestine agency records on the target. The company’s tech helped locate Osama bin Laden in 2011 and is being used to trace COVID-19 infections, track medical supply chains, and even predict outbreaks in pandemic hot zones.
Is Palantir an unethical company?
The company, which embodies all that is wrong and unethical about data science, has never turned a profit, despite signing multi-million dollar contracts with all kinds of entities giving it access to citizens’ data, in what appears to be the largest attempt in history to create a global macro-database a private …
Why do people not like Palantir?
Palantir is considered evil because the people who run it have strong beliefs about what they want the future to look like, and they act aggressively on those beliefs. To outsiders, it may look like Palantir is relentlessly building the most intrusive, nefarious surveillance and analysis tools they possibly can.
Will Palantir be profitable?
Palantir is also not yet profitable, despite the fact that it has been around for around 17 years now. Separately, the company is getting more dependent on government customers, rather than scaling up its corporate user base.
Is Palantir a SPAC?
Palantir Technologies is a big data analytics company that U.S. government agencies and many large corporations use. It is now becoming a major investor in SPACs. The acronym stands for special purpose acquisition companies. Another name for a SPAC is a blank-check company.
How many Palantir shares does Peter Thiel own?
In Palantir’s case, its top key executive, Peter Thiel, is the largest shareholder, holding 7.1% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.5% and 5.0% of the stock.
Is Palantir like snowflake?
Palantir is in a unique position, benefiting off both commercial and government streams, and has a solid 30% long-term annual growth target. Snowflake is one of the fastest growing names in tech, and continues to excel in most metrics, and has a long-term growth target of $10 billion in FY29.
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