Posted October 22, 2020 in Featured News

“You have a product, and you hire salespeople to sell it, and -- no surprise -- you get sales.”. Even when Palantir executives warmed to the idea of going public, a public offering has eluded them. Staying private enabled Palantir to spend freely on projects it might not have otherwise been able to develop, investors said. But the company has also vigorously defended its government work, maintaining that its clients own and control the data. The BBC is not responsible for the content of external sites. .css-14iz86j-BoldText{font-weight:bold;}US tech firm Palantir, known for supplying controversial data-sifting software to government agencies, has fetched a market value of nearly $22bn (£17bn) in its debut on the New York Stock Exchange.

The software takes in anonymized data on laboratory examinations and ventilator counts from hospitals and other groups. Coronavirus: NHS uses tech giants to plan crisis response, Biden or Trump?

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By contrast, chief executive Alex Karp, who met Mr Thiel when they both attended Stanford Law School, is a self-described neo-Marxist and "card-carrying progressive", with a doctorate degree in neo-classical social theory from a Goethe University in Germany.

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, are unaudited. You can change your choices at any time by visiting Your Privacy Controls. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. The deliberations continued in the intervening years, with little clarity on a timeline. […] Palantir lists a net loss of roughly $580 million for 2019, which is almost. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Mr Thiel, whose estimated $2.1bn fortune was fuelled by the sale of PayPal and an early investment in Facebook, funded the Hulk Hogan invasion of privacy case that bankrupted gossip news site Gawker and has given generously to conservative politicians. Rodney Nelson ", .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Coronavirus: NHS uses tech giants to plan crisis response.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Before it's here, it's on the Bloomberg Terminal. The U.S. government will be able to use the software to figure out the best way to use its resources. Securities and Exchange Commission 16.10.2020 Palantir may be an American company, but it actually employs more people in London - just shy of 600 - than in either its Silicon Valley base or Denver headquarters. Palantir generated $742.6 million in revenue in 2019 and $481.2 million in the first half of 2020, meaning it's potentially on track to generate $1 billion this year. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. But while Palantir might like to highlight the lives it helps save, it has also been accused of having "blood on its hands" by civil rights protesters. Its nearly $22bn opening valuation was only a bit higher than the $20bn private investors valued the firm when it fundraised five years ago. In 2019, the firm brought in $743m in revenue, up 25% from the year before, with some 60% of sales from outside the US. Palantir expects revenue in 2020 to grow to $1 billion from around $700 million in 2019, according to the sources. To eventually reach the public markets, Palantir is considering a direct stock listing, which wouldn’t raise capital for the business. Of the $1 billion in estimated 2020 revenue, Palantir expects $839 million of that to come from existing contracts, some of which include options for extensions. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. He displays Tai Chi swords in his offices, according to Bloomberg, and the firm's presentation to investors this month opened with a video of him racing up a hill in orange exercise gear. Additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from the Company's expectations is included in our registration statement on Form S-1, as filed with, and declared effective by, the The company estimated it would target roughly $1.05 billion in revenue for 2020… Growth will depend on landing new, large deals every year while retaining their profitable clients - and the firm hasn't shared much about its record, said Mr Moerdler.

Yahoo is part of Verizon Media. All interim period financial information and results included in this press release, as well as all financial information and results for any period during the year ending Privately held data-analytics software company Palantir expects to reach $1 billion in revenue this year, which would represent 35% growth from 2019, an … DENVER Â. You should not put undue reliance on any forward-looking statements. Das Analysehaus Palantir kann mit seinem Börsenstart zufrieden sein. We want to hear from you. , year ending September 30, 2020 Persuading an undecided voter. Supreme Court vote row precedes Trump-Biden debate. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” anticipate,” “believe,” “estimate, “predict,” “target,” “project,” “intend,” “potential,” “would,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology that concern our expectations, strategy, priorities, plans, or intentions. Got a confidential news tip? "We have chosen sides, and we know that our partners value our commitment.". © 2020 BBC.

And Palantir has said it is well-poised to continue to win government work, thanks to a lawsuit it won against the US military in 2016, which requires the government to consider commercially available products first. Eric Munson, a Palantir shareholder since 2014, said the forecast probably undercounts the benefits to the company’s revenue. : Updates with board reporting in the third paragraph.

A spokeswoman for Palantir declined to comment. But, he added, "I don't think it will fundamentally impact their ability to grow the business if the opportunities are as large as they believe they are."Â. The value of the HHS contract was not immediately available. Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. They object to its tech being used to identify places where illegal immigrants are working so the properties can be raided and those arrested deported.

For example, our definition may differ from the definitions used by other companies and therefore comparability may be limited. By Natalie ShermanBusiness reporter, New York. And at its direct listing on Wednesday, in which investors sold some of their existing shares to the public, shares opened at $10 each - above the $7.25 reference price - giving it a value of roughly $22bn. Ahead of the firm's listing, Amnesty International issued a report saying the firm was failing its responsibility as a company to protect human rights with inadequate due diligence into who it is working for.

In the US, the use of its technology by immigration authorities to help round up undocumented immigrants has drawn heated protests and in the UK, the health data handled by the firm has also raised alarms. It's a lofty figure for a firm that has never turned a profit, been hit by privacy concerns and relies on public agencies for nearly half of its business. The outspoken defence is perhaps little surprise, coming from a firm co-founded by Mr Thiel, who famously abandoned Silicon Valley in 2018, decrying its liberal politics. Just how big those opportunities are remains an open question.

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