Palantir's co-founder and two other top executives offloaded 2.7 million shares of the company after a lockup expiration last week.
Cathie Wood's ARKK and ARKW ETFs acquired roughly $172 million of Palantir stock in the last week amid falling share prices and a lockup expiration.
Palantir’s stock sank on Thursday as a lockup expiration allowed 80% of the company’s shares to trade on the open market. Citi analyst Tyler Radke warned of a potential fall due to the lockup expiration in a note to clients in January. Cathie Wood, CEO of Ark Invest, said she […]
Palantir is facing selling pressure on Thursday after a lockup expiration released 80% of the company's shares to trade publicly.
Palantir stock surged on Friday as the company announced an expanded partnership with BP. The Denver-based Big Data firm will help BP become a net-zero emissions business by 2050. The bullish news follows an investor letter from the Guardian Fund which talked up PLTR’s prospects. Sign up here for our […]
Warren Buffett’s Berkshire Hathaway invested $US735 million in Snowflake when the cloud-data platform went public in September. The famed investor’s company bought around 6.1 million shares that have roughly tripled in value to as much as $US2.1 billion on Monday — a roughly $US1.4 billion unrealized gain. Many Berkshire investors […]
Palantir, the secretive technology firm, could fetch a $US22 billion price-tag at its planned market debut on September 30, the Wall Street Journal reported on Thursday. Palantir’s bankers have said the company could start trading at $US10 a share, equating to a market valuation of about $US22 billion. The controversial […]
Sarah Brayne is an assistant professor of sociology at The University of Texas at Austin; prior to joining the faulty at UT-Austin, Brayne was a Postdoctoral Researcher at Microsoft Research. Brayne is also the founder and director of the Texas Prison Education Initiative, a group of faculty and students who […]
Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the “Pitchfork Economics” podcast with Nick Hanauer. They recently interviewed Kevin Kelly, the futurist cofounder of Wired Magazine and bestselling author, who predicts that the “economics of data ownership” […]
Delta’s CEO wants to do more with customers’ data without violating their privacy or making them uncomfortable. The airline could use data to better understand its customers, personalise its communications and service, and track how flyers rated their experiences, Ed Bastian said at its investor day this month. “We’ve got […]
Workplace surveillance is becoming increasingly common, with as many as half of all organisations using some sort of non-conventional monitoring technology, research from IT consultancy firm Gartner shows. New innovations have allowed companies to use facial scanning, microchips, listening devices, email scanning and data mining to keep a track of […]
Facebook has quietly changed the slogan on the signup section of its homepage in the US and Europe. The tagline was changed from “It’s free and always will be” to be “It’s quick and easy.” It was switched silently between 6 and 7 August, and Facebook is yet to state […]
Palantir has confidentially filed a draft of its S-1 paperwork for its planned IPO listing, the company announced Monday. Activists have long protested the $US20 billion big-data company for the ICE’s use of its software to gather, store, and search for data on undocumented immigrants, and reportedly played a role […]
IGNITION: Transforming Finance is happening next Monday, June 10, at the New York Stock Exchange, featuring conversations with top executives and innovators who are disrupting Wall Street from within. Starting at 8:00 a.m. sharp, some of the brightest minds in finance will break down the hype around AI, big data, […]
Don’t miss the finance event of the season. Apply to attend IGNITION: Transforming Finance in New York City on Monday, June 10. Come spend your morning at the New York Stock Exchange with Business Insider’s top journalists for breakfast and an insider’s conversation with some of the brightest minds in […]
Palantir was expected to go public in 2019, but it looks like those plans have been pushed off to 2020, Bloomberg reported on Friday. The secretive data-analytics startup, which counts the US government as a client, still faces a handful of hurdles before it can IPO. The company still needs […]
Former GM executive and Fisker Automotive CEO Tony Posawatz has joined the board of Renovo, a California-based startup that’s developing an open-source platform for autonomous mobility and data gathering. Posawatz has a habit of being ahead of the curve on major innovations in transportation technology. Renovo has devised a way […]
