Palantir finally files for IPO

evil wasabi

evil wasabi

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https://news.crunchbase.com/news/palantir-files-confidentially-for-ipo/

I have been waiting for this to happen for a while, and it seems that Palantir is looking at the current casino mentality of the stock market as the perfect time to file for a public offering.

For those who don't know, Palantir is a data company that has been funded by the CIA, and Peter Thiel.

Anyhow, posting this in case anyone here has also been following Palantir and has an idea on whether it's properly valued at $20bn. For me, I am not sure if this is a cash grab for the investors selling a myth cosplaying as the crystal ball of Sauron, or if this raise is intended to grow the company and make it stronger, in which case a good investment.

Based on the timing, Palantir could be looking to take advantage of a silly stock market that has lifted IPOs like Lemonade and Vroom for no good reason, as well as the medical stocks bouying the market as a whole.
Palantir is among a wave of tech companies looking to go public in recent weeks after a COVID-19-induced lull in the IPO market. Companies like ZoomInfo, Vroom and Lemonade have all gone through IPOs and been well-received by public investors. Other companies including Snowflake and Amwell Health have reportedly filed confidentially to go public. And just last week, Minneapolis-based Jamf filed a public S-1 with the SEC.
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So basically, trying to figure out what the market cap of Palantir's space, and how big the float is. Peter Thiel is involved, so have to make sure this isn't another Tilray (which I did quite well on, but could have done better).
 
racecar

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It’s marked on my calendar , with the valuation of company’s now, it’ will probably double after ipo , with the printed money flowing into the market it will drive it like back in 2012. The on this company has huge potential and can compete with credit service like equifax and track finance for banks and credit card company, not to mention the government contracts .
 
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NeoSneth

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this reads like the last season of Westworld
 
evil wasabi

evil wasabi

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NeoSneth said:
this reads like the last season of Westworld
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It kind of is like Rehoboam, and has been used by law enforcement and those who can afford it to do some research on things that we probably would want to shut down. I'm curious how it will stay competitive when it has to share its operations with the SEC.
 
NeoSneth

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Evil Wasabi said:
It kind of is like Rehoboam, and has been used by law enforcement and those who can afford it to do some research on things that we probably would want to shut down. I'm curious how it will stay competitive when it has to share its operations with the SEC.
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You have to share financials, not operations. Boing, Raytheon, Northrup, all operate this way.
 
racecar

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raytheon is a good one to have at the current price , Government contracts
 
Tacitus

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Evil Wasabi said:
It kind of is like Rehoboam, and has been used by law enforcement and those who can afford it to do some research on things that we probably would want to shut down. I'm curious how it will stay competitive when it has to share its operations with the SEC.
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Everyone operates this way, they just figured out a way to commercialize it. You will never stop it... this is probably the most palatable option. There is at least some transparency.
 
M

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Taiso said:
That was a compelling read. Thanks for sharing it
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Its pretty sad really.

The guy is a fucking monster. He got outed as gay by gawker because he's a right wing sociopath who doesnt give a fuck about social issues or anyone's quality of life.

I mean look at this palantir shit. Pretty hard change thematically from paypal/venmo.
 
evil wasabi

evil wasabi

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Poppy said:
Its pretty sad really.

The guy is a fucking monster. He got outed as gay by gawker because he's a right wing sociopath who doesnt give a fuck about social issues or anyone's quality of life.

I mean look at this palantir shit. Pretty hard change thematically from paypal/venmo.
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https://en.wikipedia.org/wiki/Objectivist_movement

Thiel has managed to capture the ethos of objectivism better than anyone else, outside drug dealers and slave traders. And I say that as a compliment.
 
Taiso

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Poppy said:
Its pretty sad really.

The guy is a fucking monster. He got outed as gay by gawker because he's a right wing sociopath who doesnt give a fuck about social issues or anyone's quality of life.

I mean look at this palantir shit. Pretty hard change thematically from paypal/venmo.
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I'm just grateful for the opportunity to read these things and understand the discourse that follows better.
 
wyo

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Interesting thread.
 
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M

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Taiso said:
I'm just grateful for the opportunity to read these things and understand the discourse that follows better.
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Thats fair. Its kind of like reading the Unabomber manifesto.

Only hes a sociopolitical bombthrower
 
Taiso

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Poppy said:
Thats fair. Its kind of like reading the Unabomber manifesto.

Only hes a sociopolitical bombthrower
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I never shut down an opinion unless it's from Saner.

May not agree. May hate it. But I have to hear it first.

Except from Saner.

EDIT: But I HAVE dismissed MANY opinions upon hearing them.
 
Stefan

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Poppy said:
The guy is a fucking monster. He got outed as gay by gawker because he's a right wing sociopath who doesnt give a fuck about social issues or anyone's quality of life.

I mean look at this palantir shit. Pretty hard change thematically from paypal/venmo.
Click to expand...

Knew that name sounded familiar for a reason- He's the billionaire who bankrolled Hulk Hogan's libel suit against Denton & Gawker Media a few years back. Also seen him brought up more than once whenever outside the box/fringe adenochrome topics are being discussed.
 
fake

fake

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Ethical investing is DOA.
 
NeoSneth

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Can they survive without government contracts?
 
evil wasabi

evil wasabi

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Plantir employees had trouble accessing the platform this morning to sell their shares, so when they finally got access they drove the stock down.
 
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