Peter Thiel is taking his government welfare scam public

This company is such a scam. There is no real proprietary product other than the same basic algorithms that anybody can make. There is no there there. And the Palantir algorithms suck anyway and return mediocre results.

This entire endeavor is a government tax grab and so far it’s working like a charm.

This company reminds me of the one where the crazy lady tried to invent fake blood tests.

This is basically the same thing.

“They set it up so Peter Thiel can still sort of run it like a private company and still have the advantage of being public,” said Michael Weisbach, a professor at Ohio State University’s Fisher College of Business who specializes in corporate governance and private equity. “They obviously want to keep control of this company and don’t want a bunch of outsiders.”

What’s next, we discover the blood tests don’t work?

“The company is still almost at the mercy of a small number of government contracts,” Kulkarni said. “If and when they come up for renewal, the investment community will get extremely spooked about how those negotiations go.”

Some of Palantir’s contracts with the U.S. government have been a lightning rod for activists and its own employees. In recent years, it has renewed a lucrative partnership with Immigration and Customs Enforcement, providing digital profiling tools to the federal agency as it carried out President Trump’s policies for apprehending and deporting undocumented immigrants. The company acknowledged in its filing with securities regulators that some of its contracts have made it a target for protests, but did not detail any of its work with ICE.

“there is a concern that the company’s long-term market could be limited.”

“Palantir’s typical corporate customer is a large, multinational company with huge amounts of data. While Palantir has emphasized its opportunity to expand within these companies — aiming to become “a central operating system” for their data — it will eventually run out of giant global companies to sell to.”

This is why at the very minimum people should be paid a fee for their data. The value is limitless. And these silicon Kong’s own it all with held from government handouts and citizens get nothing.

Bump

Bitch puts the "queen" in welfare queen

Typical "Libertarian"