Palantir says it hasn't turned a profit any year since 2003 founding - Business Insider

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Palantir says it hasn't turned a profit any year since its founding in 2003, and warns that it may never make money

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.

 

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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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