Palantir grapples with its image as it prepares for IPO - Business Insider

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Palantir built itself into a $20 billion success with a secretive and controversial business. Now it's prepping for life as a transparent public company.

Karp himself has worried publicly that Palantir might not have been able to secure those contracts or build its products if it were a public company at the time, both because of public perception and investors' inability to understand Palantir's revenue model.

in May. "These products were built over the course of years. And they were derided. Barely anyone wanted to invest in us. We almost went out of business a number of times."Because Palantir hasn't shied away from contracts with agencies like ICE and the Pentagon, it's become a target for immigration activists and human rights advocates.

"Palantir has built its empire by helping governments' violate people's basic human rights. No matter how much they try to clean up their image for investors, their money will always be blood money," said Evan Greer, deputy director ofPalantir's public offering announcement also comes as tech workers are increasingly vocal about dissatisfaction with their company's mission and contracts.

 

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