SPACs should be closed as a vehicle for taking a company public, either you have the requirements or not. This shortcut is just a way to swindle investors that buy the hype.
the SPACs are not the problem per se; it is the shit companies, weak compliance reviews, lacking research into companies etc etc. Frankly, investors are FOMOing hard to find the next unicorn instead of doing their research and go slow and steady. Also, newly listed companies with hype around them can be purchased at low prices at IPO (institutional investors get the first call though) and then the price goes up always. You can sell at that point but once the hype goes away...the tide also goes away and you can see who has been swimming without swimsuit...
Hey guys, you know what seems like a sound investing idea? Lets invest in companies that intentionally side step the regulations designed to stop scams getting onto the stock market! You know those regulations specifically designed to protect us from fraud? It literally cant go tits up.
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. Furthermore, CEO Alexander Karp is the owner of 2.1% of the company's shares.
Palantir's software is a dumpster fire in a flash flood. It meets almost no mission or project needs but their sales folks will swear up and down it's infinitely modifiable. Those "forward deployed engineers" are no such thing. Most are barely competent analysts. The bottom line on the software is buyer beware. The bottom line on their stock is someone has to hold the bag.
I love this channel, I believe it is a vanguard of a mindset shift in a society sick of the duplicity and greed in the evil tripartite of corporate - start-up - trading.
except helicopters are already regulated. flying taxis are in search of a problem already solved. look up why drone delivery has failed@anonymousone6075
From what I understand, part of the reason they did it was that it allowed them to develop applications on their prior products in industries or for use cases that they otherwise wouldn't have developed, which helps them then get into adjacent industries later.
no way i believe they would develop applications for companies that have no revenue, some no function products yet they developing for them? some under a year from bankruptcy. if that was the truth they would invest in big name companies. or small stong companies that could gain something from their software. but the didn't they invested in the worst of the worst. the companies which was desperate to also pump their garbage stock prices, even if it legally murky
The officers of these SPAC companies should draw close scrutiny from regulators if they are fulfilling their fiduciary responsibilities, if there were regulators to scrutinize...
In LOTR, the Palantir were "seeing stones" that Sauron gave to the rulers of men/elves/dwarves in middle earth. However, Sauron did not tell the rulers that he could secretly monitor and influence them through the palantir. Some evl nrd must have started this company 🤣
@@samsonsoturian6013 I agree it is absurd to suggest that people associated with the military or law enforcement would create deceptive schemes to enrich themselves and their buddies. This kind of thinking is a slippery slope into other conspiracy theories, like suggesting that Iraq didn't have nuclear weapons, or suggesting that the intelligence community deliberately lied about Hunter Biden's alleged laptop. Its not their fault that they made a mistake. Its not their job to investigate things.
@@TheManinBlack9054Won’t happen. I’ve used their software when i was in the military. It lives up to the hype if the user/unit invests a couple weeks in training operators. It’s impressive stuff
No, because there is a huge amount of actual integration happening between the companies. The Azure bills Microsoft is sending to OpenAI are heavily discounted I'm sure. Even though Microsoft is explicitly taking a share of OpenAI's profits up to a certain recoup number, the investment is definitely not _primarily_ a disguised loan.
Something about openAI and Sam Altman gives me the creeps, BUT I just started using ChatGPT40 this week…. Good god it’s a game changer for me. It’s so impressive. Technology is going to get very exciting.
3:05 You hit the nail on the head. As soon as I read who their primary customer base was, I said nope. It’s amazing how irrational retail investors are.
The decision was made based on Thiel's investing philosophy, which is to buy part of a bunch of startups that each have very high potential. It's understood that most of them will go to zero, but if just one can succeed it will make back all of the losses and more. It's not a totally invalid approach, and Palantir had some additional benefit from being able to sell them their product. However they clearly underestimated how violent the losses could be. It seems they decided not to continue with this strategy and just buy treasuries instead.
Why a company that is not specialized on equity investments invests in equities? If they have excess cash and don't want to invest more on their business why not just return cash back to shareholders?
@@MajorGarland It shouldn't, although at the time it seemed like a good enough idea to increase customer growth. And they have a buyback program as of sometime mid of last year. At least they realized their mistakes in 2021 instead of doubling down I guess
The key difference between startups and SPAC's is that SPAC's are, well, no one knows what they are. They are nothing, then they buy a private company and they are a public company. Its impossible to do any due diligence on a SPAC, because they are a pile of money and a stock ticker. The SPAC then goes out and buys something random and there is your investment. Kind of an insane way to invest. At least startup funders get a lot of equity for their risk, and at least know what the company is trying to do.
@@MajorGarland While they're not Berkshire Hathaway, they do have Peter Thiel - and he DOES know about venture capital investing. Palantir took a chance of a handful early-stage startups. Nothing wrong with that.
Thank you for commenting that. I was about to write almost the same 👍 Palantir took a chance on a handful of early-stage startups. Nothing wrong with that. Peter Thiel is no noob when it comes to VC-style funding/investing. People also seem to forget that Palantir is full of very very intelligent, very very analytically astute people. Seems like people think Palantir just chose to buy a bunch of random spacs. That is beyond naive. In kind of an incubator-style fashion what they did was invest in these startups, while helping them put Palantir's software to good use, inside those startups. I think that makes a lot of sense. People ALSO forget that Palantir's SPAC-investment spree happened at a time where the world economy was very uncertain (like now) - and they had some cash to spend. So they also bought physical gold! And perhaps also some Bitcoin (although I'm not sure whether it was a rumor or not). In other words: they chose to diversify, which is smart. Something that - speaking of Bitcoin - Mr. Saylor from MicroStrategy doesn't seem to know what even IS 😹 Maybe Palantir will be the last one's laughing about at least one of these SPACs. Maybe at least one will succeed. Who knows. It's WAY TOO EARLY TO TELL.
First became aware of him pitching his crap in his bottom feeding TH-cam infomercials, and filed him under “financial guru” fraud. Never knew he actually produced decent software.
Yeah their quarterly report said they bought $50M in gold then sold it a year later for $51M. I thought that was weird. I mean, good job on that 2% profit but still…
They are harly making money. This is a kind of stinky business where you never know what the next quarter will be. I lost money on PLTR and will now look twice at their reporting.
Good work. Thanks. You are right that there are tons of Palantir pumpers out there. It is definitely a meme stock. For most investors it falls into a product category they don't use or understand.
The spac issue is pretty clear. They got caught up in the market hype and thought a lot of the companies would be saccessible. so they decided to get ownership so they could consistently route any profitability into their own software services for the long-term. unfortunately, it was pretty obvious that the craze was going to die down and they had fallen for a very poor series of investment. S.
The vast majority of 'new' movies are eithet woke garbage, remakes/se/pre-quels, or action/super hero films with everything dumped into the CGI budget instead of a plot. Hollywood and everyone supporting them deserves to fail. Especially overpriced movie theaters snd venue that support RICO companies like Ticket Master.
They were paying for revenue, the old fashioned way. As his video states. The pre public companies took his money to survive. He took the revenue jump, and got retail investors to buy a misleading hyped stock. If you own PLTR, even now, you should think about whether they used you.
More like SPAC predation than investment. Given the terms, not only does Palantir suck their money back, they also get to claim the assets of whatever is left from the husk...
Great video. You need to expose Nvidia for the same tactics. Loaning money to crypto miners who in turn place orders for AI GPU to boost sales, pump the stock, then dumping the shares which appreciated on the fake sales. Should be criminal.
@@Dust_in_the_wind__ Now I get your sarcasm because my comments conflict with your fluff piece on Nvidia. How does it feel to spend so much time, effort and being smug while on your knees creating fluff videos?
Buying early customers is a classic startup move that Theil practically invented at PayPal. I assume the idea was to kickstart the commercial business and start getting feedback/learning that market/gaining credibility. Whether that’s actually a good idea for an existing business who is trying to enter a new market vs. a new startup is an open question.
Would have been helpful if this video was made while this was happening. Now, everyone can talk and point out hundreds of things in hindsight. This should have been done, that should have been verified, etc.
Of course Palantir makes bad investment. They were essentially financing their customers like a used car dealer, and thus there was strong negative selection. The companies that would have been good investments would have bought the software with cash.
As a long time Wall Street professional and successful investor, I find the leadership to be extremely important in my decision of investing. It almost certainly dictates the success, failure, or stalemate. Personally I do not invest in palentir due to the ceo, he does not pass my vibe check. unrelated I hate elon musk. worst ceo of all time, scammer.
I know it's difficult, but the word is "mirrors." Two syllables: mir'-rors. "Mirrers" is reasonably normal. Mirs is something else, a bunch of Russian satellites maybe. "Me-uhs" is just plain weird.
You have no idea what you are talking about. Palantir’s Foundry can be managed internally by their clients. Its strength is in the abolitybto organise a massive amount of data and to standardise data from multiple sources. It’s a fantastic data warehouse, dashboards are not so good but the data warehouse can be plugged to a specialist dashboard platform. Please do more research before throwing accusations.
I was a part of the hype and bought in. Sold everything with a good loss. They are not relevant and even the ex cia guy that gives podcast to lex friedman told pltr was dogshit.
Go to public.com/wsm to start earning 5.1% interest today!
As a general rule, any investment company that advertises on youtube is a scam.
5.1% APY sounds like such a scam
I can just buy bonds or Treasury bills when I want risk free returns.
Bring the background music back!
You are F scamer 😂@@michaeljoseph5711
Between SoftBank,Palantir and Cathy Wood I'm sure if someone suggested a Pork and vodka store in Iran, at least one of them would invest
🤣🤣🤣🤣🤣🤣🤣🤣
Call it a pork and vodka-TECH store using cutting edge quantum computing AI technology and you’re on to something
@@ClimateKillerand carbon neutral
Solar panels on the roof
That makes for great marketing wank
Easy pitch: Nobody eats pork here so the growth opportunity is tremendous! Invest while you can!
Forget the reverse Kramer ETF, these guys REALLY know how to pick em
"...you can't help but be impressed with their extraordinary skill of picking horrible companies."
good formula for an inverse ETF
Palantir is a good company, that doesn't make it a good investment.
Shit can only happen if your pool of choice is limited to SPACs.
Wallstreetbets
Are SPACs just scam or sometime successful?@@mbg9650
Loving the term "pre-revenue"
Business school graduate here, I find Business lingo darkly funny. Right sizing = firing people.
SPACs should be closed as a vehicle for taking a company public, either you have the requirements or not. This shortcut is just a way to swindle investors that buy the hype.
To play devil's advocate, at this point the investor should have known better.
You can't baby sit adults too much.
the SPACs are not the problem per se; it is the shit companies, weak compliance reviews, lacking research into companies etc etc. Frankly, investors are FOMOing hard to find the next unicorn instead of doing their research and go slow and steady. Also, newly listed companies with hype around them can be purchased at low prices at IPO (institutional investors get the first call though) and then the price goes up always. You can sell at that point but once the hype goes away...the tide also goes away and you can see who has been swimming without swimsuit...
Gullible investors.
Spac isnt the only loophole bud
As the old saying goes a fool and his money soon end up in someone else's portfolio.
Hey guys, you know what seems like a sound investing idea? Lets invest in companies that intentionally side step the regulations designed to stop scams getting onto the stock market!
You know those regulations specifically designed to protect us from fraud?
It literally cant go tits up.
WSM is my favorite short selling reporter.
When the ceo dumps 1 billion in shares you have your answer.
100%. Basic pump and dump, no further analysis required.
On stock price, not company operations
@@SW-by9ob Management wasn't the pumper
Alexander C. Karp owns 6,432,258 shares of Palantir Technologies Inc (PLTR) as of November 21, 2023, with a value of $108 Million.
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. Furthermore, CEO Alexander Karp is the owner of 2.1% of the company's shares.
I developed a strong physical reaction to the phrase “went public via a SPAC” some time ago.
Love how this channel introduces business and accounting vocabulary and explains them in real world situations.
Palantir's software is a dumpster fire in a flash flood. It meets almost no mission or project needs but their sales folks will swear up and down it's infinitely modifiable. Those "forward deployed engineers" are no such thing. Most are barely competent analysts. The bottom line on the software is buyer beware. The bottom line on their stock is someone has to hold the bag.
Bro has the crazy grifter hair, so this must be a legit biz. 😂
Tom Nash is a grifter. He quickly blocks people calling him out as one on his channel.
I love this channel, I believe it is a vanguard of a mindset shift in a society sick of the duplicity and greed in the evil tripartite of corporate - start-up - trading.
Thank you for the interesting video. They definitely provide me with lots of info, especially on the ride in the car. Great video as usual.
I became sceptical of this company as soon as I saw Tom Nash pushing it.
Btw to correct, hedge funds don't even invest/trade in start ups, is VC's
"The flying taxi company", lol people actually invested in that
Quantum computing and sUsTaiNaBlE flying taxis were the cutting edge before AI chatbots came along and stole the show
flying cars have always been the dream of those that do not comprehend why it is a bad idea. besides helicopter transport already exist
@@toomanyaccounts lol well said
except helicopters are already regulated. flying taxis are in search of a problem already solved. look up why drone delivery has failed@anonymousone6075
From what I understand, part of the reason they did it was that it allowed them to develop applications on their prior products in industries or for use cases that they otherwise wouldn't have developed, which helps them then get into adjacent industries later.
no way i believe they would develop applications for companies that have no revenue, some no function products yet they developing for them? some under a year from bankruptcy. if that was the truth they would invest in big name companies. or small stong companies that could gain something from their software. but the didn't they invested in the worst of the worst. the companies which was desperate to also pump their garbage stock prices, even if it legally murky
so why did pic garbage than?
The officers of these SPAC companies should draw close scrutiny from regulators if they are fulfilling their fiduciary responsibilities, if there were regulators to scrutinize...
You mean the regulators all bucking for private jobs at ridiculous pay levels ?
In LOTR, the Palantir were "seeing stones" that Sauron gave to the rulers of men/elves/dwarves in middle earth. However, Sauron did not tell the rulers that he could secretly monitor and influence them through the palantir. Some evl nrd must have started this company 🤣
You can look at it as bad investing, or you can view it as money laundering or wealth transfer to friends.
Quit making absurd allegations. These guys were PMCs
@@samsonsoturian6013 I agree it is absurd to suggest that people associated with the military or law enforcement would create deceptive schemes to enrich themselves and their buddies. This kind of thinking is a slippery slope into other conspiracy theories, like suggesting that Iraq didn't have nuclear weapons, or suggesting that the intelligence community deliberately lied about Hunter Biden's alleged laptop. Its not their fault that they made a mistake. Its not their job to investigate things.
It's sad to see an company like Palantir fall for spac. They should've kept it private.
it couldnt have happened to a better company, hope they go under
@@TheManinBlack9054Won’t happen. I’ve used their software when i was in the military. It lives up to the hype if the user/unit invests a couple weeks in training operators. It’s impressive stuff
@@TheManinBlack9054 they are scum.
@@althunder4269 Found the drug dealer
They direct listed the company…. The spacs were speculative investments. Nonetheless they are going to become a titan in the coming years.
Is Microsoft's investment in to OpenAI round tripping? All the money MS invested comes back to them as compute cost.
No, because there is a huge amount of actual integration happening between the companies. The Azure bills Microsoft is sending to OpenAI are heavily discounted I'm sure. Even though Microsoft is explicitly taking a share of OpenAI's profits up to a certain recoup number, the investment is definitely not _primarily_ a disguised loan.
It is, but it has more to do with dodging anti-trust rules than padding revenue numbers
Something about openAI and Sam Altman gives me the creeps, BUT I just started using ChatGPT40 this week…. Good god it’s a game changer for me. It’s so impressive. Technology is going to get very exciting.
3:05 You hit the nail on the head. As soon as I read who their primary customer base was, I said nope. It’s amazing how irrational retail investors are.
In elvish from which the word "Palantir" originates the stress is on the second to last syllable.
The decision was made based on Thiel's investing philosophy, which is to buy part of a bunch of startups that each have very high potential. It's understood that most of them will go to zero, but if just one can succeed it will make back all of the losses and more. It's not a totally invalid approach, and Palantir had some additional benefit from being able to sell them their product. However they clearly underestimated how violent the losses could be. It seems they decided not to continue with this strategy and just buy treasuries instead.
Why a company that is not specialized on equity investments invests in equities? If they have excess cash and don't want to invest more on their business why not just return cash back to shareholders?
@@MajorGarland It shouldn't, although at the time it seemed like a good enough idea to increase customer growth. And they have a buyback program as of sometime mid of last year. At least they realized their mistakes in 2021 instead of doubling down I guess
The key difference between startups and SPAC's is that SPAC's are, well, no one knows what they are. They are nothing, then they buy a private company and they are a public company. Its impossible to do any due diligence on a SPAC, because they are a pile of money and a stock ticker. The SPAC then goes out and buys something random and there is your investment. Kind of an insane way to invest. At least startup funders get a lot of equity for their risk, and at least know what the company is trying to do.
@@MajorGarland While they're not Berkshire Hathaway, they do have Peter Thiel - and he DOES know about venture capital investing. Palantir took a chance of a handful early-stage startups. Nothing wrong with that.
Thank you for commenting that. I was about to write almost the same 👍 Palantir took a chance on a handful of early-stage startups. Nothing wrong with that. Peter Thiel is no noob when it comes to VC-style funding/investing.
People also seem to forget that Palantir is full of very very intelligent, very very analytically astute people. Seems like people think Palantir just chose to buy a bunch of random spacs. That is beyond naive.
In kind of an incubator-style fashion what they did was invest in these startups, while helping them put Palantir's software to good use, inside those startups. I think that makes a lot of sense.
People ALSO forget that Palantir's SPAC-investment spree happened at a time where the world economy was very uncertain (like now) - and they had some cash to spend. So they also bought physical gold! And perhaps also some Bitcoin (although I'm not sure whether it was a rumor or not). In other words: they chose to diversify, which is smart. Something that - speaking of Bitcoin - Mr. Saylor from MicroStrategy doesn't seem to know what even IS 😹
Maybe Palantir will be the last one's laughing about at least one of these SPACs. Maybe at least one will succeed. Who knows. It's WAY TOO EARLY TO TELL.
I'm sure Tomer Nash will say this is FUD and misinformation and somehow spin it to be a positive for his darling Palantir.
Palantir was always a money pit. But I'll admit, I didn't realise it was *this much* of a money pit!
I think i remember tom nash saying this was a good thing when they bought these spacs.
are there any SPAC success stories?
Yeah lots of success stories from the ones that keep peddling them as gold opportunities to clueless retail investors
Yeah, Palantir is making a profit, just not much
Palantir is great company.. best software
than why invest in garbage?
Good video. Please fix the background hissing on the audio. Many thanks
Of course it's going to fail, it's been touched by Sauron!
First became aware of him pitching his crap in his bottom feeding TH-cam infomercials, and filed him under “financial guru” fraud. Never knew he actually produced decent software.
his engineers he hired did unless you can show he is a Wozniack
@@toomanyaccountshes a philosophy major, not a software guy
He also bought gold, remember that? I'm long on PLTR anyways. As long as they keep making money I'm good.
Yeah their quarterly report said they bought $50M in gold then sold it a year later for $51M. I thought that was weird. I mean, good job on that 2% profit but still…
They are harly making money. This is a kind of stinky business where you never know what the next quarter will be. I lost money on PLTR and will now look twice at their reporting.
They used the spacs for R&D. These diverse spacs business operations so it's software could learn that industry
than they learned nothing because those industries were garbage.
Software company? What is their best selling software?
Foundry
Good work. Thanks. You are right that there are tons of Palantir pumpers out there. It is definitely a meme stock. For most investors it falls into a product category they don't use or understand.
The spac issue is pretty clear. They got caught up in the market hype and thought a lot of the companies would be saccessible. so they decided to get ownership so they could consistently route any profitability into their own software services for the long-term. unfortunately, it was pretty obvious that the craze was going to die down and they had fallen for a very poor series of investment.
S.
Palantir is great company long term
If a growing company chooses to invest in other companies I worry. Either the tech they depend on is mature or their market is not growing.
Anything that causes Peter Thiel associated entities to lose money is a good thing indeed.
You envy his money?
make a video about AMC and why short sellers are driving the stock down
It oughtta be driven down. People increasingly prefer netflix at home to going to movie theaters. Enjoy your free popcorn.
The vast majority of 'new' movies are eithet woke garbage, remakes/se/pre-quels, or action/super hero films with everything dumped into the CGI budget instead of a plot. Hollywood and everyone supporting them deserves to fail. Especially overpriced movie theaters snd venue that support RICO companies like Ticket Master.
You lose 400 million investing in SPACs by investing 410 million in SPACs.
I'm reminded of the old saying that the best way to become a millionaire is to start as a billionaire.
They were paying for revenue, the old fashioned way. As his video states. The pre public companies took his money to survive. He took the revenue jump, and got retail investors to buy a misleading hyped stock. If you own PLTR, even now, you should think about whether they used you.
More like SPAC predation than investment. Given the terms, not only does Palantir suck their money back, they also get to claim the assets of whatever is left from the husk...
Wasn't Cramer (Buy, Buy Buy) pushing (pumping) Palantir recently?
If he's pushing them it's a clear sign they are in trouble and have no other options but to pay a talking head to sell them to fools
Great video. You need to expose Nvidia for the same tactics. Loaning money to crypto miners who in turn place orders for AI GPU to boost sales, pump the stock, then dumping the shares which appreciated on the fake sales. Should be criminal.
@@Dust_in_the_wind__ Now I get your sarcasm because my comments conflict with your fluff piece on Nvidia. How does it feel to spend so much time, effort and being smug while on your knees creating fluff videos?
Ah yes, another case for the inverse SPAC etf 😂
Is it just me or their founder/CEO looks just like Taika Waititi 😅😅
You know what I can totally see that now that you've pointed it out 😂
Damnnn. A little bit of CoffeeZilla in this video for sure😊
Chart looks bullish and fundamentals are not horrible currently. Im buying. But always with a stoploss
amazing, love it
Just an FYI saying “SPAC Company” is a bit like saying ATM Machine
Tom Nash is so mad right now
They also made a lot back and are actually positive on the investments
The massive share dilution did far more damage to Palantir's valuation than this.
The only spac i know that wasn't a scam was MP Materials
this is like Hindenburg-level analysis.
people who have no idea of those short sellers will think you are saying the video is horribly wrong
Can't imagine putting my money in speculative markets like that, but that's just absurd.
How is round tripping legal? Is it recorded as a sale and not as a loan?
because it is difficult to prove it is done
Buying early customers is a classic startup move that Theil practically invented at PayPal.
I assume the idea was to kickstart the commercial business and start getting feedback/learning that market/gaining credibility.
Whether that’s actually a good idea for an existing business who is trying to enter a new market vs. a new startup is an open question.
They need to get rid of SPACs
wheres the bg music?
Quick 1 billion for the ceo
The company could do their business as usual. But the idea off stellar growth didn't hold well...
Real question is how on earth are round tipping losses not accounted in adjusted EBITDA
Get ready there is one big big company doing this and most likely several more and they are big tech names
Is PLTR is next NVIDIA??
SPACs are like grab bags. You pay up front for something that's unknown.
i also lost alot of spacs but luckily not $400 Million
I almost bought the hype
thumbs down because I hate it when ads come so early.
Would have been helpful if this video was made while this was happening. Now, everyone can talk and point out hundreds of things in hindsight. This should have been done, that should have been verified, etc.
Wow.. Short sell?
Of course Palantir makes bad investment. They were essentially financing their customers like a used car dealer, and thus there was strong negative selection. The companies that would have been good investments would have bought the software with cash.
RUM looks poised as the meme hype stock of 2024.. so far up 37% YTD.. 🤔
This is an old coroorate trick corporate buyout or takeover. Buy failing companies. Have them take out loans, get the money, and close the company.
Did not know that Taika Waititi had an entrepreneur brother.
People said reverse mergers are a scam then someone made a spac and everyone bought it 😂💀🙏
As a long time Wall Street professional and successful investor, I find the leadership to be extremely important in my decision of investing. It almost certainly dictates the success, failure, or stalemate. Personally I do not invest in palentir due to the ceo, he does not pass my vibe check. unrelated I hate elon musk. worst ceo of all time, scammer.
Seriously thier ceo looks like taika watiti
As soon as I saw that big hair, I thought SBF!
Run away! Run away!
I mean... Starting this video with a "free money" ad isn't the best idea
We’re living in the golden age of fake business
Palantir wasn't fake.
@@samsonsoturian6013 wasn’t talking about palantir
I know it's difficult, but the word is "mirrors." Two syllables: mir'-rors. "Mirrers" is reasonably normal.
Mirs is something else, a bunch of Russian satellites maybe. "Me-uhs" is just plain weird.
You have no idea what you are talking about. Palantir’s Foundry can be managed internally by their clients. Its strength is in the abolitybto organise a massive amount of data and to standardise data from multiple sources. It’s a fantastic data warehouse, dashboards are not so good but the data warehouse can be plugged to a specialist dashboard platform. Please do more research before throwing accusations.
Adtheorent SPAC up 95% YTD 2024..
Palantir must have been thinking interest rates would stay low, and they could prop up a bunch of unprofitable zombie companies to buy their product.
Surprisingly how the smartest company on earth apparently isn’t that smart
I should just short ask spacs
SoFi and Palantir 🚩🚩🚩
Faraday Futures.... big red flag to whom knows anything about Chinese stock market scams
I'm shorting everything next pandemic
I don’t remember hearing ASC 606 once in this video, but okay.
Yeah, I got burned by Cathy Wood too.
It is very easy to throw around other peoples money.
I was a part of the hype and bought in. Sold everything with a good loss. They are not relevant and even the ex cia guy that gives podcast to lex friedman told pltr was dogshit.
And what is a SPAC? That shiuld be told in the first 30 seconds.
Actually Palantir is not a bad investment. May even be going into S&P very soon. Been a holder since $8.
Only lost $400 million? Not nearly enough.