The New York Times said its 2019 loss was on a par with 2018, even though it earned 25% more for a total of $724.5 million in revenue for the year. It had more than $1 billion in expenses, according to the report. TechCrunch said its biggest expense was the $450 million it spent on sales and marketing., is also reportedly planning a partial lockup for its direct listing, according to The New York Times.
Founded in 2003, Palantir has been among the most highly valued venture-backed companies. It had about about $2.6 billion raised and a roughly $20 billion valuation five years ago. It was targeting a $26 billion valuation in a private fundraising round in Sept. 2019,A Palantir spokesperson did not immediately respond to a request for comment.
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