AOC asked the SEC to investigate Palantir ahead of direct listing - Business Insider

from 15 members of the Congressional Hispanic Caucus, who questioned whether Palantir was sharing people's health data with ICE. Data privacy was another concern in Ocasio-Cortez's letter to the SEC.that it shares data between the different federal agencies. A spokesperson for the Department of Health and Human Services has also denied that the data was being shared.

Ocasio-Cortez also pointed the SEC to a lack of transparency regarding board member Alexander Moore and Palantir's corporate governance oversight concerning a personal $25.9 million load made by cofounder Stephen Cohen. The congresswoman also questioned the firm's motive behind identifying as an "emerging growth company," a move that she said allowed it to withhold certain information from its S-1 filing.

The letter is another example of the public's scrutiny of Palantir as the company makes an anticipated debut on the stock market. The startup was founded in 2003 and has cemented itself in Silicon Valley fame for achieving a coveted unicorn status, or Valley-speak for privately-held companies that are valued over $1 billion. But Palantir's controversial cofounder Peter Thiel and its lack of transparency have also contributed to the firm's notoriety.

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