Shouldn’t have taken this long for the market to turn on Palantir

@hacks4pancakes

"The market" is a lie.
'Market makers' are the ones who set the prices.

@n_dimension @hacks4pancakes Sort of. There are ways to value companies and their share price, but the likes of Palantir or Tesla are mostly traded on hype (read: lies). They are the Simpsons Monorail of companies.
@hacks4pancakes wait, wait!
Is there good news I'm anaware of?
Palantir stock sinks 8% after Michael Burry says Anthropic is 'eating' its enterprise lunch

The "Big Short" investor used spending data to argue Palantir is a low-margin consulting business, not an AI company

Quartz
@hacks4pancakes I'm more interested in what @EUCommission does.
@hacks4pancakes Not in UK yet sadly. We're still piling in despite disquiet of citizens.

@annehargreaves @hacks4pancakes

Not necessarily, Palantir are spooked enough to call general objections idealogical, which is wider than the general public. The objections are on Ethical and Security grounds.

@hacks4pancakes what's even more rankling is that "buy the dip" will continue to be a winning strategy... even when it's Palantir we're talking about...
@hacks4pancakes Its pe ratio is 208! That's insane. Now let's do Tesla; pe ratio 328. (For those not familiar, right now pe in the 20s is typical. pe means price to earnings)

@hacks4pancakes IKR?

Most people: What does Palantir do?

Us: They collect data, ALL the data. They try to watch everything. They are building a Panopticon that has zero respect for privacy. Their CEO has stated that privacy no longer matters.

Most people: Oh..... that's nice.

@nuintari @hacks4pancakes worse: "Oh. Wanna see this thing I found on tiktok?"
@nuintari @hacks4pancakes I found that telling people "They've literally named themselves after the seeing stones of Evil in the Lord of the Rings. Their long-term goal is to be the Eye of Sauron." tends to strike a chord. Even non-fans have probably seen the movies and understand the reference.
@hacks4pancakes They literally named their company after a mythical device that was used to corrupt the mind and motivations of the leader of the most divine entities in the mortal world. It's like they realized "Torment Nexus" and "Guinea Worm" were already taken, so they went with their third choice.
@hacks4pancakes shouldn’t have but also far from surprised.
@hacks4pancakes I'm pleasantly surprised the market has turned on them at all! One of the "fun" traits of the stock market is that if you show up with an openly evil but effective business plan, investors will open their wallets and say "that sounds like a stock that's going up!"
@hacks4pancakes I guess that's what happens when you walk to mordor instead of flying on an eagle
@hacks4pancakes Objections to #Palantir are the work of the #antichrist or so the weird wealthy Mr Thiel would claim! 😉
@hacks4pancakes who is going to short the stock though
@kralcttam @hacks4pancakes mike is looking for a repeat of subprime crisis, it is ok to be contrarian but you have to hold the positions for so long unless you get timing right it doesn't mean all that much in the end #sweet and lodown

@hacks4pancakes

I wondered why Trump shouted them out the other day. Thiel must have phoned a friend.