The news comes as Palantir could lose an ICE contract for a surveillance system used to organize workplace raids, per Insider's Caroline Haskins.
The company is also accepting gold as a form of payment to prepare itself from "black swan events," Palantir COO Shyam Sankar told Bloomberg.
If Wood had bought on Wednesday, before Palantir's earnings call, Ark would have saved a cool $14 million on the trade.
Palantir said it committed $250 million to investing in SPAC mergers during the second quarter as it looks to convert those companies to customers.
Robinhood has been the poster child of the commission-free trading movement that has drawn a new generation of investors into the stock market.
Thiel paid just $1,700 for 1.7 million shares of PayPal within his Roth IRA account in 1999, the report said.
"We speak clear English about what we're going to do," Palantir CEO Alex Karp said at a Barron's conference.
Alexander Karp, Palantir's CEO, raked in $1.1 billion in total compensation in 2020, roughly 8,943 times more than the average Palantir employee.
Not only is the gulf between employee and executive pay widening, but executive compensation skyrocketed in 2020.
Palantir is on pace to snap a 10-day losing streak as traders weight a top-line revenue beat.
In a response to a question during its first-quarter earnings presentation, CFO David Glazer said Palantir accepts bitcoin as payment.
The VanEck Vectors Social Sentiment ETF added 21 stocks and dropped 21 others in its April rebalancing on Thursday.
Coinbase drew in $57 million from retail investors when the cryptocurrency exchange's shares started trading, among the most popular debuts in recent years.
The PayPal and Palantir cofounder said he was also worried about AI and wanted to restrict US investors' access to Chinese markets and vice versa.
"I'm very proud that normal people, investing their own money, with their own risk, making their own opinion, made a lot of money," CEO Alex Karp said.
Palantir stock saw another double-digit loss day on Friday, continuing its downward spiral since hitting record highs of $39 per share on Jan. 27.
Cathie Wood's ARK Innovation ETF and ARK Next Generation Internet ETF added 2.6 million shares of Palantir on Wednesday as prices pulled back.