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Reflections on Palantir

(nabeelqu.substack.com)
479 points freditup | 6 comments | 16 Oct 24 02:18 UTC | HN request time: 0.455s | source | bottom
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newprint ◴[16 Oct 24 02:50 UTC] No.41855137[source]▶
Can someone explain to me what is the Palantir's business model ? I haven't heard any large, meaningful project they been involved in, but I keep hearing the company name & how hot they are and their stocks are going to blow-up any day (some of my friends kept their stocks for the last 4-5 years with very little gain compared to other software companies). I know of the smaller software companies that are less than 100 people and have a very meaningful impact in DoD & Gov space.
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1. melling ◴[16 Oct 24 20:24 UTC] No.41863465[source]▶
The stock has blown up. It has more than doubled for me. Almost tripled.

It’s quite expensive now.

I would encourage you to do your own research.

For some reason, HN has very little depth in stock market understanding. HN passed on META at $100.

I know there are some very knowledgeable people here. Wish there was a way to create a “subreddit “ here without all the Reddit noise.

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2. sakopov ◴[16 Oct 24 22:45 UTC] No.41864623[source]▶
If you were buying in the $6s, it nearly 7x'ed in like a year
3. rabf ◴[17 Oct 24 01:06 UTC] No.41865462[source]▶
One of the reasons I still frequent this forum is to countertrade the espoused opinions. Meta@100 was such an easy buy, Everyone was talking as if they were going out of business because they did not like the idea of the metaverse. A quick look at their earnings said that was utter nonsesnse. So bizarre to see all jounalists and many users here to attribute the turn around to them pivoting to AI when that was not at all what the CEO was saying during that time. Always look for primary sources, opinions are funny.
4. nodesocket ◴[17 Oct 24 02:07 UTC] No.41865773[source]▶
HN has always lacked economic and stock market knowledge and instincts generally speaking. Most comments tend to say it’s rigged, evil capitalist, etc. Guessing because hackers generally tend to swing far left and socialist though weird as a lot of founder and entrepreneurs are active on HN as well.

There is a long tradition of show HN were the comments poo poo startups and ideas which end up being huge and the opposite is also true with praise and admiration of failures.

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5. fijiaarone ◴[17 Oct 24 04:16 UTC] No.41866374[source]▶
Common sense gets in the way of gamblers instinct.
6. kubami ◴[18 Oct 24 12:00 UTC] No.41878575[source]▶
Are there any good forums where people do have good market knowledge and share it?