{"id":1504,"date":"2020-09-10T05:34:17","date_gmt":"2020-09-10T05:34:17","guid":{"rendered":"https:\/\/businessner.com\/?p=1504"},"modified":"2020-09-10T05:34:17","modified_gmt":"2020-09-10T05:34:17","slug":"palantir-ceo-asked-the-investors-to-pick-a-different-company","status":"publish","type":"post","link":"https:\/\/businessner.com\/palantir-ceo-asked-the-investors-to-pick-a-different-company\/","title":{"rendered":"Palantir CEO Asked the Investors to Pick a \u201cDifferent Company\u201d"},"content":{"rendered":"<p>Palantir CEO Alex Karp said to the investors, those who need a change in the company culture should pick a \u201cdifferent company,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-09\/palantir-makes-its-pitch-to-investors-ahead-of-direct-listing?srnd=technology-vp\">reported Bloomberg Wednesday<\/a>.<\/p>\n<p>Palantir holds a strategic mission to help the government agencies to analyze data, according to the CEO. \u201cWe have certain beliefs and we will stick with those,\u201d Karp added.<\/p>\n<p><strong>Mr. Karp also said that the company has no desire to change the existing client base.<\/strong><\/p>\n<p>Palantir is considering a direct listing on the <a href=\"https:\/\/www.renaissancecapital.com\/IPO-Center\/News\/70965\/Palantir-selects-September-23-for-NYSE-direct-listing-date#:~:text=Palantir%20Technologies%2C%20a%20data%20analytics,with%20the%20SEC%20on%20Wednesday.\">New York Stock Exchange on September 23, 2020<\/a>. The company is known for selling data analysis and software to government agencies.<\/p>\n<p>The recent investor presentation report published by Palantir stated that it earns almost equal revenue from both government and commercial companies.<\/p>\n<ul>\n<li>Recent Stories: <a href=\"https:\/\/businessner.com\/are-we-approving-the-covid-19-drugs-too-easily\/\">Are We Approving the Covid-19 Drugs too Easily?<\/a><\/li>\n<li>Recent Stories: <a href=\"https:\/\/businessner.com\/china-might-introduce-driverless-automobile-called-robotaxis-in-2023\/\">China Might Introduce Driverless Automobile Called Robotaxis in 2023<\/a><\/li>\n<\/ul>\n<h2>Palantir CEO on Criticism by Privacy Right Groups<\/h2>\n<p>Palantir as a company faced criticism from different groups due to its involvement with the U.S government. Both privacy right groups and internal employees condemned the actions of the company in recent years.<\/p>\n<p>According to the critics, Palantir was involved in data collection and surveillance policies carried out by the Trump administration.<\/p>\n<p>But the company executives said that it &#8220;has chosen sides\u201d to make the position clearer to the investors. In the recent filing to go public, the company has pointed out that Chairman Peter Thiel and two other co-founders, Stephen Cohen and Karp, will hold 49.99% voting power.<\/p>\n<figure id=\"attachment_1510\" aria-describedby=\"caption-attachment-1510\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1510\" src=\"https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-Peter-Thiel.jpg\" alt=\"Palantir CEO Asked the Investors to Pick a \u201cDifferent Company\u201d\" width=\"1024\" height=\"695\" srcset=\"https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-Peter-Thiel.jpg 1024w, https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-Peter-Thiel-300x204.jpg 300w, https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-Peter-Thiel-768x521.jpg 768w, https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-Peter-Thiel-696x472.jpg 696w, https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-Peter-Thiel-619x420.jpg 619w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-1510\" class=\"wp-caption-text\">Peter Thiel is the co-founder of PayPal and Palantir Technologies(Chairman); File Photo: Getty Images<\/figcaption><\/figure>\n<p>This means Palantir will not change its core mission to help the U.S government agencies even after the company goes public.<\/p>\n<p>CEO Karp explained the situation by saying, \u2018Love us or leave us alone.\u2019 The company also moved from Palo Alto to Denver to support <a href=\"http:\/\/modafinil.news\/2020\/09\/10\/palantir-ceo-to-investors-pick-a-different-company-if-you-dont-like-us\/\">President Donald Trump in his election campaigns in 2016<\/a>.<\/p>\n<blockquote class=\"td_quote_box td_box_center\">\n<figure id=\"attachment_1508\" aria-describedby=\"caption-attachment-1508\" style=\"width: 78px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1508\" src=\"https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-icon-150x150.jpg\" alt=\"Palantir CEO Asked the Investors to Pick a \u201cDifferent Company\u201d \" width=\"78\" height=\"78\" srcset=\"https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-icon-150x150.jpg 150w, https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Palantir-CEO-Asked-the-Investors-to-Pick-a-Different-Company-icon.jpg 256w\" sizes=\"(max-width: 78px) 100vw, 78px\" \/><figcaption id=\"caption-attachment-1508\" class=\"wp-caption-text\">Palantir CEO. Alex Karp<\/figcaption><\/figure>\n<p style=\"text-align: center\">&#8220;We have certain beliefs and we will stick with those.&#8221;<\/p>\n<\/blockquote>\n<h2>Palantir Sales on the Rise<\/h2>\n<p>Despite the criticism, Palantir&#8217;s sales figure is actually rising consistently. The recent reports say that sales increased by 49% in the first half of 2020.<\/p>\n<p>The company also saw 25% revenue growth in 2019. However, Palantir is yet to see an annual profit since it was founded in 2003.<\/p>\n<hr \/>\n<p>Read More:\u00a0<a href=\"https:\/\/businessner.com\/china-electric-car-maker-nio-is-planning-to-go-global\/\">China Electric Car Maker Nio is planning to go Global<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palantir CEO Alex Karp said to the investors, those who need a change in the company culture should pick a \u201cdifferent company,\u201d reported Bloomberg Wednesday. Palantir holds a strategic mission to help the government agencies to analyze data, according to the CEO. \u201cWe have certain beliefs and we will stick with those,\u201d Karp added. Mr. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1506,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Palantir CEO Alex Karp Stands Firm on Company Culture and Client Base","_seopress_titles_desc":"Palantir CEO Alex Karp asserts commitment to company beliefs and existing client base. Despite criticism, Palantir&#039;s sales are on the rise and it may go public with NYSE direct listing.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[32],"tags":[190,504,505,197,47],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1504"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=1504"}],"version-history":[{"count":5,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1504\/revisions"}],"predecessor-version":[{"id":1514,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1504\/revisions\/1514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/1506"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=1504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=1504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=1504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}