Post by account_disabled on Feb 20, 2024 10:50:51 GMT
The big data company Palantir has already gone public , making a debut in which it has reached $18,800 in market capitalization—just over €16 billion at the current exchange rate. The technology company was valued at 18 billion euros after its last round of financing in 2015. Despite this, Peter Thiel's firm exceeded the reference price of $7.25 per share that the company initially set. At the time of its debut, Palantir saw its shares rise above $10, up 38% from the initial price. It reached $11.40, although it fell at the end of the day to $9.77. This firm was born in 2004 but has maintained a low profile throughout its existence. Last year, rumors began that he was going to jump onto the floor.
One of the first facts Palantir was known for is because it was co-founded by Facebook board member Peter Thiel, one of Donald Trump's biggest allies in Silicon Valley . Over the past few years, Palantir has become one of the most profitable startups in the United States . It has raised nearly 2.5 billion euros in venture capital and was valued at nearly 18 billion, despite Middle East Phone Number List operating under a halo of secrecy . Read more: "Our product is used to kill people": Palantir CEO assures that its technology is used to attack and kill terrorists It works closely with the US government and with agencies such as the FBI, the CIA or the Department of Defense , among others. In fact, its CEO, Alex Karp , recently criticized other startups because he believes there is a reluctance to work on defense-related projects. Palantir brags about all the good it does, especially in its work with government agencies.
Karp has also assured that he knows of a foiled terrorist attack in Europe practically every week. However, many are keeping a close eye on Palantir for its dealings with U.S. Immigration and Customs Enforcement , ICE, the agency responsible for carrying out President Trump's crackdown on undocumented immigrants in the country. WNYC reported that its agents use Palantir apps during raids against these immigrants. This controversy has also affected Amazon, since Palantir depends on the Amazon Web Services cloud to run its big data program . People, both inside and outside Jeff Bezos' company, have criticized these links. Now, organizations and activists are charging Palantir for working with the Immigration Service by offering it the programs that make most of its core operations possible. For example, they demonstrated at the Palantir offices in Palo Alto over their contracts with this Service.