Palantir Drops 10% on Report of Pentagon Slashing Budget
1–10 of 92 posts
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#2This shows how naive and unprepared the market and general public in the US is for blatant political corruption. This is a Thiel company. The administration will double down on Palantir because their cofounder and chair helped fund the current administration's election. Just like how they will benefit Musk's companies.
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#3This shows how naive and unprepared the market and general public in the US is for blatant political corruption. This is a Thiel company. The administration will double down on Palantir because their cofounder and chair helped fund the current administration's election. Just like how they will benefit Musk's companies.
So it's a buy opportunity, eh?
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#4It is kind of funny to me that the lede is about Palontir instead of the absolutely stunning call by a Republican for the DoD to reduce budget by 8%.
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#5This shows how naive and unprepared the market and general public in the US is for blatant political corruption. This is a Thiel company. The administration will double down on Palantir because their cofounder and chair helped fund the current administration's election. Just like how they will benefit Musk's companies.
So it's a buy opportunity, eh?
I have my standards and will pass. Beyond that, PLTR has already run up since $20 a share until last May, and their valuation not compatible with high future returns. But remember this post.
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#6It is kind of funny to me that the lede is about Palontir instead of the absolutely stunning call by a Republican for the DoD to reduce budget by 8%.
It’s 8% cut per year over 5 years which is quite a bit.
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#7This shows how naive and unprepared the market and general public in the US is for blatant political corruption. This is a Thiel company. The administration will double down on Palantir because their cofounder and chair helped fund the current administration's election. Just like how they will benefit Musk's companies.
Errr, I think the market has priced in an awful lot of corruption. PLTR closed at $41.41 on November 4th (day before election), and after its 10% drop today, it closed at $112.06. The market might be saying that even with the corruption, if the total pie shrinks by enough, it hurts the company.
I mean, in the sense that the "market" says anything at all.
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#8It is kind of funny to me that the lede is about Palontir instead of the absolutely stunning call by a Republican for the DoD to reduce budget by 8%.
https://www.reuters.com/world/us/us-looks-8-defense-budget-c...
> list of potential cuts totaling about $50 billion from the upcoming budget for fiscal year 2026 to be redirected into President Donald Trump's priorities for national defense.
So no cuts
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#9It is kind of funny to me that the lede is about Palontir instead of the absolutely stunning call by a Republican for the DoD to reduce budget by 8%.
The beauty of privatization at work. Public entities budget changes only impact their customers. 4D chess.
Re: Palantir Drops 10% on Report of Pentagon Slashing Budget
#10This shows how naive and unprepared the market and general public in the US is for blatant political corruption. This is a Thiel company. The administration will double down on Palantir because their cofounder and chair helped fund the current administration's election. Just like how they will benefit Musk's companies.
Palantir is up 170% still since the election