We feel that Palantir provides excellent prospects and services to the customers. Investors need to know how and why Palantir’s services work and how they are processed. The company has a big advantage over its competitors, but we’ll talk about possible risks later. The company grows slowly and steadily, and it started making money at the end of the year 2022. However, it pays its managers and staff a lot of money in the form of stock-based compensation.
Business overview
Palantir Technologies (NYSE: PLTR) was founded in 2003 by investors and entrepreneurs, including PayPal co-founder and early Facebook investor Peter Thiel. The name of the firm is derived from J.R.R. Tolkien’s “The Lord of the Rings” series, in which the “Palantir” revealed hidden items.
Palantir first developed technologies to assist intelligence agencies and military organizations in evaluating enormous data quantities. The company provides software and services to government agencies, financial institutions, and significant corporations. Examples include transactions, social media, and geographical data. Algorithms for machine learning and other analytic tools enable users to discover data patterns and make data-driven decisions.
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