Palantir publicly filed stock-listing paperwork on Tuesday and revealed nearly $580 million in 2019 losses. Like other money-losing companies have recently warned in their paperwork before going public, Palantir said it may never turn a profit.
. The company reported a net loss of roughly $580 million in 2019, and an almost identically-sized loss in 2018. Palantir generated nearly $743 million in revenue last year, a 25% rise from 2018's revenue of $595 million. The company is newly headquartered in Denver, Colorado and was previously based in Palo Alto, California in the heart of Silicon Valley. Palantir was founded by a group of alumni from PayPal, including current chief executive Alex Karp and the venture capitalist Peter Thiel.
So people should invest because shits and giggles ?
Good. Let's hope it sinks.
intelligence fronts don't have to make money
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