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5 Red Flags for Palantir’s Future
Last September, I bought a large position in Palantir Technologies (NYSE: PLTR) at just under $10 per share after it went public through a direct listing. The market’s interest in the data mining firm was muted at first, but its stock skyrocketed to $45 per share during the Reddit-fueled rally in late January. Palantir generated $1.09 billion in revenue in 2020, but it posted a whopping net loss of $1.17 billion.
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