[cgrusden]

First off, how is Palantir "cash rich"? A look at their financials they're losing money just like all the other shit startups on the NYSE.

[deviation]

Their filings state they grew from a 1.43B asset base in 2018 to a 1.59B asset base in 2019.

I guess it doesn't matter how much cash you're bleeding if the underlying product (the company) is increasing in value.

[drocer88]

https://finance.yahoo.com/quote/PLTR/balance-sheet?p=PLTR

Total liabilities increased too.

It's not clear if the incoming administration will give them the same federal contracts the current administration has.

[cgrusden]

I speculate that the direct-listing + SPAC's created by Chamath are at play here.

Bad things happen when you have parties involved in an idea that aren't directly working on that idea, coupled with lots of money.

We've all seen this movie 1,000 times before.

[breck]

I don't know him and haven't heard much about him, but from the looks of it the CTO of the United States (yes, the CTO of the United States) is a shill for Palantir/Thiel (https://en.wikipedia.org/wiki/Michael_Kratsios).

As far as I can tell he is not GitHub nor HackerNews, nor does he know how to code, which I think would make someone quite unqualified for that position.

Again though, maybe he's a nice person. Just to me from the outside looks like a Palantir puppet.

[sfkdjf9j3j]

As of their most recent 10-Q, they have about $1.8 billion of unrestricted cash.

[cgrusden]

Yes, i understand, but where did that cash come from? If it's from investors, it "doesnt count" for our conversation purposes