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Stock impact report

"It Was Wall Street Meets Apocalypse Now": Why Palantir "Knows Everything About You" [zero hedge]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: zero hedge
Palantir, the secretive Silicon Valley startup that is an object of popular fascination thanks to its work with US intelligence, is having a surprisingly difficult time recruiting clients among the world's largest companies - a line of business that its backers, a group that includes PayPal founder Peter Thiel, have identified as crucial to the company's long-term survival and profitability.In one of the first looks under the company's hood, Bloomberg revealed that Palantir has never turned a profit - despite being valued at $20 billion in 2015. The company has roughly 2,000 engineers deployed at various client sites. But the company's high installation and maintenance fees have repelled several potential clients.But in addition to details about the companies finances and business model, the sprawling piece also included several alarming examples of what can only be described as NSA-like overreach by the company. The story begins at JP Morgan, where former secret service agent Peter C Show less Read more
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