How Palantir And Its Data-Mining Empire Became So Controversial
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- เผยแพร่เมื่อ 15 พ.ค. 2024
- After 17 years, data analytics company Palantir is making its public market debut. Best known for its sometimes controversial work with U.S. government agencies like the CIA, the DoD and ICE, Palantir has increasingly been working with commercial customers as well, which investors hope will put it on a path to profitability.
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How Palantir And Its Data-Mining Empire Became So Controversial
"A Palantir is a dangerous tool, Saruman!" - Gandalf
That’s why it’s called that
You don't who else might be watching.
Celestino Morgado Palantir is the people’s threat to an authoritarian government
well not like the NSA database is going to process itself. from what edward snowden revealed they definitely need facial recognition for all the nude pic they scrapped off the mobile network.
Fool of a Took
Why has literally every new tech company been started by PayPal employees?
you already know why!!!!
Its called the paypal mafia for a reason
Paypal changed the banking industry. Paypal had some of the best engineers in the world
th-cam.com/video/nvQ4p82-D54/w-d-xo.html
Mike Ruchington PayPal was one of the first websites to go global and be highly successful. Many of the OGs came from PayPal including Elon Musk and the founders of TH-cam.
I didn't know it was possible to have majority government customers and still lose money.
Every Company Loses money Initially because of Investment to New Technology and Scale is larger than Contract Revenue....Might Profit in Long Run.....BTW Spotify being the Most Used Music app hasn't Filed a Profit for a Single Quarter since Its Establishment....
@David Smith Big Boss like Tesla Has just Filed for Profit Last Year and they are in the Game for almost 17 years, Spotify being the most used Music App has not Profited for a Single Quarter since Its Establishment,But they Will Grow like Hell in Future....That's Why Investment is a Subject of Patience.....
@@DhrubajyotiRaja01 Spotify does not count the (Federal) government as its largest customer. Uber, Lyft, AirBnb, Amazon also do not count the government as their largest customer (although the government does spend a lot of AWS) . The standard approach when dealing with the government is to add those initial costs in -- see.. well.. basically any government contractor -- especially those dealing with DoD, CIA, etc. That is the whole reason you get government contracts. Trying to compare consumer-targeted businesses with one like this is completely apples to oranges.
Doesn't seem possible
@@natehaby Well their more than 50% of Business is Public Analytics Based like Snowflake and Rest 50% are used by Government Bodies...Well Government Bodies on a Mass Scale has just Started to buy Softwares plus Normal Corporations can Easily Scale to Global...But Palantir has not any Customer on Gotham outside US... Using Softwares in Such Secret Operation will grow in Future more and more.It's not how many Years You are in the Game, It's about If the Game has totally Evolved??You can't expect a Nanotech Company to profit in 10/15 Years...Cause Simply the Use of Nanotechs has not Evolved Yet.....There are both Pros and Cons in their Portfolio.....
Can Palantir's software tell me if I should invest in Palantir?
@William Linley I put $5k onto PLTR to "test the waters", clearly it was at the wrong time. I'm down $986.00 as of currently. With that in mind, NOW is probably the right time. It's 20% cheaper now than when I came in... It's selling for a discount now... Not worried, It's just going to take longer to "mature" on my end... It was under $23 today, that's a bargain. Unfortunately I'm in at $29... 😞
@William Linley your in great shape. You'll be "UP" by this time next week. Me, I have a few weeks to go... 🤞🤞
@@Spectt84 Just hold on. You should be seeing great returns EOY.
I've made $ off Pltr stock a few times now. It'll run up well into the 30's again, soon. It moves well...you'll see...
No, not you. But it can tell institutional analysts. Palantir isn't technology for the people. It's technology for controlling the people
I’m going balls deep into this stock, see y’all in 5 years
Lol, agreed
@@aaronaguirre6714 5 years from now we’ll look back at 10-15$ for a stock on palantir and it’s gonna put a big big smile on my face
Yep. Had an early positioned when it direct listed. Going to be adding to this position every week or so
lmao..big facts just added today!10x
Yoooooo facts
Just bought the stock now I'm here trying to figure out what they do
To the moon!!!!!
Me too!! 🤣🤣 I bought in and asking questions later. Now that I know more about it. This stock is waaay undervalued!!
Lol me too. We are going to the moon boys
@@user-gb2nv4ho7t 🚀🚀🚀
Ok all good but why should it be just a western country?
I like this guy. Sticks to his ideals even under pressure, unlike most public figures. Most would buckle and give into demands.
He does publicly, it is hard to say what happens in private.
@@sasshole8121... That's not just Him...But applicable for the Whole Mankind....Be Practical bro... Don't be Idiotic....
@@DhrubajyotiRaja01 It's just not worth a lot. Sure, every public figure says what the public wants to hear in public. That doesn't mean that we should trust his words. The company is extremely secretive, so it is much more difficult to verify the accuracy of his statements. The secrecy of the company is really what is is concerning.
Or perhaps he’s more afraid of the pressures he would face from the multiple government agencies he’s servicing if he cuts ties with them.
@@sasshole8121 his actions back up his words. If he was concerned about losing government contracts but didn’t believe what he says in this video, he wouldn’t be so outspoken about what he believes.
Can they map out improper stock trading by our legislators?
not if our legislators are their cudtomers
@@SendFoodz BINGO
As an investor, I need more info on the HAIR.
“Palantir doesn’t do business with China,” it’s the cherry on top, bought some stock now we wait!
But what about out President's sone Hunter Hmmmmmmmmmm
They are just replacing china
Too bad they can't say the same thing about Israel.
but more importantly, does palantir employ any engineers from china that are in the ccp "talent program"
"Global peace and prosperity through western dominance over the world" this is the most historically accurate statement I have heard in a while!
🤣🤣😂
Exactly.
Have there been any world wars since the us has been a global superpower? Name another global hegemon where who while ruling the world plunged the % of people living under extreme poverty by almost 85%. Seems pretty accurate to me.
@@zacool64 found this somewhere, "According to statistics that the World Bank released, over the past 40 years, the number of people in China living below the international poverty line has dropped by more than 850 million. This represents 70 percent of the total world figure". this definitely gives some of us you know who mix feelings. lol.
"Peace means having a bigger stick then then other guy"
-Tony Stark-
Quote from Peter Thiel...”Consider an elementary proposition: companies exist to make money, not to lose it. This should be obvious to any thinking person. But it wasn’t so obvious to many in the late 1990s, when no loss was too big to be described as an investment in an even bigger, brighter future. The conventional wisdom of the “New Economy” accepted page views as a more authoritative, forward-looking financial metric than something as pedestrian as profit. Conventional beliefs only ever come to appear arbitrary and wrong in retrospect; whenever one collapses, we call the old belief a bubble.”
- Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel, Blake Masters
I dont even know how to "noted" that
I have actually used palantir front end software as a managing director of IT in my department for the global firm I’ve been working at since 2012. Integration with palantir initiated between 2017-2018. I must say they spare no expense and really get the expertise on sight quickly and unlike other competitors really tailor make their solution to our criteria and listen to us and not just leave the internal teams to it. The suite is good and interactive and data integration is the best I’ve seen especially between legacy datasets. I can see why palantir suite works well with government because of the strength of the backend. If the key staff stay on in this company and don’t cash out and life on an island, this will certainly be a company of the future
Can you explain how their software improved your business?
What did you use the software for ?
so this is the company is the live version of "the machine" from "person of interest"
"nathan gettings = nathan ingram" maybe
Thats exactly what I thought after listening lol
But not everyone is as honest as Harold !!
th-cam.com/video/5V_iIzXy8Zk/w-d-xo.html. This video is it better then mine?
For real! I can't believe this is happening...
If there’s going to be a software like this, it’s great to have it as American company and investing in it.
European would be better but yeah I agree. Western for sure.
Amazon n microsoft do the same things now
We are lucky that China or Russia doesn't have palentir
@@cameronvincent That's pretty naive of you.
@@coldwindminerals2358 sorry idont want are enemies/ corrupt governments to have over powerd software and use it against us
Edward Snowden has joined the chat.
This is some quality content- thanks CNBC!
My Favorite part in this video is seeing all of Palantir's amazing products in action.
I needed to revisit this as I finally decided to make a long term position in PLTR big enough for covered calls and it dropped 17% immediately. I'll keep nibbling on red days, especially if I can keep collecting premiums and keep the stock. I'm grateful for the time and dedication you give to producing so much quality content.
Then you definitely have to buy more now :)
@@cut3475 I think it will go lower, sitting tight. I have a handful in this risk category that I nibble on when they're red enough.
@@Nemo-yn1sp buy more 🤣
@@cretentreane1454 better now than two months ago 😅
@@Nemo-yn1sp say nibble again you weirdo
Palantir: “We support America”
Silicon Valley: “Palantir is the most controversial company”.
Palantir supports the government not its citizens.
@@cameronhowe1110 founded by libertarians with libertarian views, nothing controversial about them other than not conforming.
Thiel/Palantir "We are getting OUT of Silicon Valley"
Can it be used for election fraud? best regards, Joe
lol "we support America" Thiel pushed JD Vance and Blake Masters, both of whom are women haters. Thiel hates women. Tech bros have ruined America, so have republicans.
“Wall Street should never let Pippin have Palantir” Gandalf
it’s fascinating company: we need more videos about palantir - as there are less videos about them.
@Cant_Touch_This Lol Russian bot found
If anyone here wants to truly understand what PLTR is capable of doing, please watch Netflix series " Person of Interest". I even think this series was based on PLTR capabilities and huge potential. Salesforce "CRM" is just one of the many industries that pltr will disrupt (so as a small analogy of many potential analogies, i will argue that if PLTR can easily blow out of the water salesforce CRM company, and salesforce is at $212 , pltr price target should at least, at the very minimum be higher than that. It will take about 5 years for them to take over salesforce market share IMO.
CNBC Team- A very well put together video (Script, Story, flow.. etc0 - you just raised the bar- Great Job!
Wow, so Google and Amazon don't mess with politics? WOW! That's rich.
They don't push women haters.
Palantir CEO: "Our mission is to make the west the strongest for the sake of global peace".
Sure.
I mean it’s anarchy at an international level 🤷🏼♂️
@Jon Bjornssen I just "love it" when the USA goes around the world bombing other countries back to the neolithic in the name of "freedom". I do not care who the overlord is as much as I care about the lies and falsehoods that are ever more prevalent.
@@mercutiobr3814 The countries being bombed by the USA never left the neolithic in the first place.
China has entered the chat
@hut ab der geht gut ab meanwhile in the west looting seems like a new trend because people are enjoying the freedom. Just saying.
Getting both sides of info is how you should be done. Great job. Ill subscribe again.
JP Morgan used it on its own employees when it could have used to it to help with the bank's growth...
It's basically a Commercial version of 007
I think that was further proven today. Maybe mission impossible like.
I'm investing slowing on the fact they are nerds and used a lotr term.
I bought 600 shares today at $25. I love the company’s mission and values. Silicon Valley can go pound sand.
Imagine if CNBC wasn’t around to tell people about these amazing groundbreaking companies full of geniuses and wizards.
Pfffttt now its just around $16
lol they "are" "Silicon Valley" so what they move to TX that's just a silicon alley, all the same. Tech bros. PT is a hater, hates women, totally bankrupt human being.
they got my money when they said "Palantir doesn’t do business with China,”
I’ve been liking Palantir more and more lately. Their public statement from August (also quoted in the video) really spoke to me.
Cool didn't know they have bots too
Bought in. Someone's gotta keep Karp's hair standing.
😂 good one
This software and the culture of transparency developed over the last 20 years lends itself to continued growth and prosperity. When I sold Apple II and then McIntosh computers, I was always somewhat amazed at the IBM DOS users who didn't or couldn't grasp the concept of cut and paste. They perceived this software as a toy, much the same thing was happening I suppose to Palantir in the last 10 years. Now it seems that everyone wants the magical software. I'm impressed and believe Palantir will grow to be the biggest AI player along with Nvidia. As a US vet in the Navy, I admire the heroes at Palantir, what they stand for, and how they are changing my world. Thank you.
First it was shadow and flames in Moria and now Palantir IPO...
"many PALANTIRIANS have been protested".
yeah, THAT terminology is not creepy af.
That is typical tech naming convention such as "Googlers"
No it isn't huh? I see it all the time with other companies like Googlers, amazonians, etc.
This video made me want to double down on PLTR
Respect for not doing business with the CCP.
rauan kaldybaev the PRC goal is to weaken is to take the tech and economical edge from USA..use is not stealing tech and committing Corporate espionage to Give back to American companies
Of course they wouldn’t. They understand the real battle and are trying to help govt/military catch up to speed with tech.
you think the US would evem do business with PLTR if they work with the CCP?
@@rauankaldybaev4770 true
This is a great company. With government and commercial contracts, that are huge, and most tech companies don't even sniff, profit margins won't be an issue for this company as they get settled in the public world.
lol building the surveillance state with our money. they trot out that it "can end human trafficking' - yeah only if women are involved, not tech bros. Thiel hates women. Youth and boys/men are also trafficked but mainly girls/women. He doesn't care.
Taika Watiti will play Alex Karp.
I like how this stock is controversial but there Is no talk about how aws makes these same deals with the govt with no backlash
Edward Snowden:"so..am I a joke to you?"
They also help find trafficked children.
this comment is why I'm buying the stock now.
If this comment is real I'm in
I could care less. I bought Palatir near it's IPO at around $10.20/share. GG.
Give me a break. I look fwd to your hit piece on Microsoft, Amazon, Dell, Ford, IBM, and all the other companies that contract with the federal government and law enforcement.
Absolutley
Thank you ! Informational
Thanks good Planatir video, Here's another one for you to consider Nasdaq IDEX in the EV & Fintech AI Blockchain sectors .... good volume, trading in lower price ranges, Q3 earnings in November. should trade $2 Cheers Al !
Amid all the negative press I just see this as a firm that helps us make sense of this clusterf*ck of a world we live in, and enables us to make judgements based on data rather than emotion and bias.
If you don't think data has bias you clearly don't know anything about data lol
Brilliant concise description
You'll only get the Data they want to feed you.. this stuff sounds dangerous tbh . That is.. if you find a social credit system china style not threatening
Started my Palantir position two weeks ago and I will continue to add this this position. I think this is a company that will be relevant for the next decade and just uploaded a TH-cam video on my take on why I am adding Palantir stocks.
In the USA is it possible for proivding data services to immigration law enforcement controversial
Isnt the Athinia platform the architecture that can connect different sectors, which Farzad is talking about in his example regarding a food company and airline data? This is a supply chain process optimising platform right?
Anyone kind of worried with the sheer number of IPOs getting such big funding in the middle of a recession? Feels like people are going to become bagholders.
That's why People are desparately Investing In Stocks and Cryptocurrency ...With Government Printing more and more money in Recession... It will be Idiotic to put the Cash in bank and make its Valuation Lesser....
That doesn't really matter. If the underlying company is good, you should still invest.
@@DhrubajyotiRaja01 hes talking about speculative ipos wich are becoming massively overvalued not investors that know how to value stocks. The noobs are going to become bagholders.
Good job, CNBC
Great video!!!🙏🏼
Since posted share price has plummeted. Doesn't show any sign to pick up.
I thought selling consumer data to a foreign company ownned government for profit are controversial, I guess I'm wrong. 😁
When your introduction to the markets is basically a political pamphlet it tells you that there is no enterprise to invest .
@AVD yup I agree with you just look at most of the new introductions .
They explose without having a structure that will permit even in the future to make some dollars like nikola.
Sure I can understand that people invest(or sometimes bet ) on a technology company because they hope in the future they will be a gafa like company but investing in a car company that has sold and produced 0 cars , whose ceo is a scammer seems to be not the best choice but whatever.
If anyone is interested in investing in PLTR prior to the IPO, a small investment firm called Suro Capital (symbol SSSS) has about 15% of their holdings as pre-ipo Palantir stock
I just bought at 18.50. Not looking back !
Got In today at 36.00. Certainly not 18.00 but still undervalued for this stock will go
I really liked that last part.
Same here dude This dude is an American breed pure by example
I know right? It's the west or china.
Can it find Sauron in real world?
But it works for CIAuron.
@@miguelangelvizuetmata555 Xiao-ron
@@miguelangelvizuetmata555 lol nice one
Andrew Webber Thx. Lets hope Uruk Cops arn’t watching this.
this sounds a lot like an ad. was it sponsored? why did you not disclose it?
Guy sounds like a patriot . Hopefully it will stay that way . More than we can say for many of our political system representatives . Might purchase some of their shares
Patriot for Israel maybe.
Skynet
Google: “US government- we don’t want to work with you”.
China: “Hey human rights doesn’t exist over here but let’s work together”.
Google: “Um.. sure..let the Dragon project begins”!!
You'd have to be stupid to think Google doesn't work for US govt, it's a PRISM partner
This was one of the most important and breathtaking storres I've ever heard out of CNBC... This is the new technology war and I'm happy to see we have some tech this side of the pacific... No disrespect to the friends that came from the pacific, but if we slip past, we may never recover. BTW I'm neutral on the next POTUS... Much more impactful on the citizens
The lost seeing stones of the Numenoreans.. Duh
Cool name, you think they had to pay for the rights to use the name ?
theres a chance...but I think tolkien never trade mark that name... also a lot of companies use Tolkien names in their companies since before (most Peter Thiel companies funded)...well they cant use the story of Lotr and the Hobbit and other Tolkien stories that for sure until 2044...
Good question
No
They are right about Silicon Valley's culture... it needs to change
Two wrongs don't make a right. Silicon Valley is run by Communists pushing a new eugenics, yes. But Palantir is VERY shady, with DEEP ties to Israeli intelligence. It's almost like we started the war in Iraq just so we could test it out. It's as good a reason as any I've heard so far.
Reserves rights token, Peter theil, CIA, Venezuela it all makes sense now.
Palantir: We just went Public time to go incognito.
Palantir is relying on overcharging taxpayers for Dept of Defense contracts when the federal budgets are already overblown year after year. Maybe its time we consider the financial health of this nation as a national security risk.
Financial health. Lol that's a good one. Meanwhile they are printing money nonstop
Alex Karp looks like Taika Waititi.
Taika Waititi looks like Alex Karp
I've had access to palantir a number of times. Never used it since I never had any training on it prior to those situations.
Palantir stock will go up to $100+ very soon. Mark this comment. It's currently at $15.90
When is soon?
@@MaryamPirzada within the next few years most likely
So...1/21 PLTR 30c?
Someone’s speaking my language
This video was great
This is where i got Palantir Pre-IPO be4ipo.net "Addepar" is another company with the same Co-founders as Palantir.
This is my favorite stock for 2020. Holding this into the future long term
NIO will blow this away in 2021.
Buying BIG into this company!! This CEO is legit! What a great company
honestly, what these companies do is essentially reinforce what people already know. The holy grail is whether the software can consistently create models that can reliably predict and not just describe the data. Unfortunately, most of these data mining companies are just doing best guesses from people. Madoff's scheme was uncovered by Markopolos, bin Laden was by CIA using red team techniques (using people's experience to challenge reports), and SAP already has analytics packages for those who already have SAP S/4HANA installed. So what exactly does Palantir bring differently to the table?
This is amazing! their data is used in every industry
Kathie woods likes it too :)
uhmm, your data.. this is where a large chunk of that internet data has been going for the past few decades.
Saruman didn't see this coming
So would palantir detect and stop running their own stock bubble?
if Palantir is yet to be profitable, why don't they "Palantir" themself? I mean they got all the data they need to be profitable from data mining...
Their revenues are up a lot year over year. Money losing means they’re investing/scaling. Haven’t gone over the numbers yet but I think I saw they’re cash flow positive which is much more important.
This is the dumbest thing i've read in a long ass time
big tech Corps will likely have their own “Palantir” and some already have, it seems like government business is their key market since other tech giants might not willing to do business with governments.
Big tech companies are only a small portion of all companies that exist. Of course Google wouldn't use Palantir, but companies like Costco might.
Great stuff.
Palantir is super meta. Their software will predict its own behavior, including its own pattern of growth. And if you include the understanding of Mandelbrot numbers, the software could even include low occurrence "black swan" events.
I hope this is a joke
The customers pay to use the software on their own data
what does this mean? PLTR go up?
@@kirbyman1kanden7pf Palantir is building the surveillance state with our tax $$$
Essentially the question is "Are you bullish on U.S.A long term?"
LMT , GD, and RTX have your answer
And every agency or business that use them should realise their data is probably going straight to the NSA & CIA as well.
Could've been worse.. Could be going to China
I understand China wouldn't be stupid enough to use their services. What concerns me is the stupidity of european companies. Western world dominance bullsh*t is there to masks how US companies like Boeing and others will use this to get competitive advantage. It is USA dominance, not western world.
Isn't all data going their anyway
"Perfectly normal for a software company to show losses"...No, it's not. Usually a software company is cash-rich within few years of operations.
That is not the case for most start up technology companies that have IPO'd over the last 5 years.
@@ollieo7038 I am talking about software companies in particular and not tech companies. There are companies who have software products but most of their research or expenses are in a different sector/ industry. Amazon or Tesla are some such examples. I believe a software company which has been in existing for more than a decade can generate positive profits. If not, their focus is not on profit and they just have enough money from investors to survive long term.
Palantir as an entity is smart. I'm sure they have some slick way to hide the profits.
The name is just sus. They didn't even try to hide it.
Stop saying sus, so cringy
lol am I the only one that feels like everything is just a high IQ ad at this point?
Hold this long and that don't sell it will be a great long term so I have 300 and I just started
CNBC needs to do more pieces like this - no spin. Well done.
Did this reporter really just say palantir represents liberarianism? Like what?!
The irony
@@lu881 I thought I was the only one noticing that 😂
For the global peace and prosperity?! Wow
Cool company but losing money for 17 years doesn't bode well for them being the next wildly popular tech company. I guess it worked for Amazon though.
Thanks @youtube for recommending this.