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by Kednicma 2088 days ago
The article's title has changed; I think that they're doing one of those strange plays where the article title is different for different people.

This flop, losing a quarter of their value overnight, is one of the expected outcomes from the middle class placing their hopes and dreams on the stock market; they demand more ethical options from index stocks and ETFs, and this reduces the upstream demand for groups like Palantir.
3 comments
whatok 2088 days ago
Where are you getting "losing a quarter of their value overnight" from? The stock is still up from its initial listing price. If you're talking relative to peak private value, virtually nothing has gone public anywhere near private valuations and Palantir's public valuation is a bit more than a quarter lower. This has nothing to do with the "middle class" or "ethical options" and everything to do with public markets actually scrutinizing things vs private.
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wilde 2088 days ago
What? The simpler answer is that professional investors concluded it was a bad business with shrinking growth opportunities at the end of the current administration.

https://www.profgalloway.com/palanthiel-the-uncola

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konjin 2088 days ago
>Do you think Senator Kamala Harris will ever agree to be in the same room with Peter Thiel, who recently agreed to be in the same room with white nationalists?

Yes, they can bond over how many poor lives they have ruined while the literati miss the one constant in US politics - extracting surplus value from workers - be it by drone or wage slavery.

The US cares about race only to keep the home front docile. That means that Democrats bomb Eastern Europe to show how non-racist they are by killing white people and Republicans bomb the Middle East to show how much they value hard working white(ish) people by killing not (quite) white people.

The idea that democrats do any less spying on the American people is laughable. It was Trump that killed the Patriot Act this year after 2 extensions and 3 kind of extensions under Bush and Obama, and he did it because he thought the deep state was after him.

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albntomat0 2088 days ago
Do you have a source for retail investors demanding ethical options from indexes and etfs?

I could understand ethical concerns affecting folks buying the stock on its own, but don’t believe that most know exactly what’s in the broad etfs targeted at the middle class (myself included)

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