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Wealth-management software provider Addepar Inc. more than doubled its valuation to $2.17 billion from seven months ago in its latest funding round, the company said Tuesday. It was previously valued at nearly $1 billion after its last funding round in November, according to a person familiar with the deal. Addepar currently tracks about $2.7 trillion of assets and has added an average $15 billion in assets a week since mid-2020. The company says it thinks the total market demand for investible assets is more than $200 trillion globally. Clients include AllianceBernstein Holding LP, Morgan Stanley and Stifel Financial Corp. , whose investment arm previously invested in Addepar.
Persons: Addepar, Joe Lonsdale, Eric Poirier, , Mr, Poirier, Morgan Stanley Organizations: Addepar Inc, D1 Capital Partners, Palantir Technologies Inc, Equity Partners, WestCap, AllianceBernstein, Stifel Financial Corp Locations: New York, Addepar, Calif
Campaign launches to try to force Palantir out of Britain’s NHS
  + stars: | 2021-06-04 | by ( Sam Shead | ) www.cnbc.com + 0.00   time to read: +7 min
Kiyoshi Ota | Bloomberg | Getty ImagesLONDON — A campaign is being launched to try to stop U.S. tech giant Palantir from working with the U.K.'s National Health Service. The "No Palantir in Our NHS" campaign —launched at an event on Thursday — comes after Palantir partnered with the NHS on a Covid-19 "Data Store." The NHS Covid-19 Data Store contract allows Palantir to help manage the data lake, which contains everybody's health data for pandemic purposes. Patient data is "pseudonymized" before it is processed by Palantir's software as part of an effort to protect patient privacy. While Palantir is processing the patient data, the NHS remains the data owner, limiting what Palantir can do with it.
Persons: Peter Thiel, Kiyoshi Ota, , Palantir, Cori Crider, Peter Thiel —, Donald Trump's, Crider, Clive Lewis, Lewis, It's, openDemocracy, Ali Parsa, Parsa, Rachel List, Danny Lawson Organizations: Palantir Technologies Inc, Bloomberg, Getty, National Health Service, CNBC, NHS, Facebook, Labour Party, Foundry, Guardian, U.K . Department of Trade, Procurement, Financial Times, Hope Locations: Tokyo, Japan, Soho, United Kingdom, U.S, Pontefract , Yorkshire
Palantir and DoorDash CEOs Top List of Biggest Pay Packages in 2020
  + stars: | 2021-06-03 | by ( Theo Francis | ) www.wsj.com sentiment -0.99   time to read: +1 min
Palantir Technologies Inc. and DoorDash Inc. gave their longtime chief executives special stock awards worth hundreds of millions of dollars in 2020, two of the biggest compensation packages ever awarded to corporate leaders. Shortly before DoorDash went public in December, the meal-delivery company awarded co-founder and CEO Tony Xu restricted shares that were initially valued at more than $400 million, according to securities filings. Both awards far exceed the pay packages received by CEOs of S&P 500 companies in 2020. The median pay for S&P 500 CEOs in 2020 was $13.4 million, according to a Wall Street Journal analysis, and the biggest compensation package was valued at about $211 million. Neither Palantir nor DoorDash is in the S&P 500 index.
Persons: Alexander Karp, DoorDash, Tony Xu Organizations: Palantir Technologies Inc, DoorDash Inc, Wall
DETROIT (Reuters) - Auto data startup Wejo on Friday will announce plans to go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that values the British company at $800 million including debt, people familiar with the plans said. The deal, to be announced after the stock market closes, will raise $330 million in proceeds for Wejo, said the sources, who asked not to be identified. They said that includes $230 million from Special-Purpose Acquisition Company (SPAC) Virtuoso and another $100 million referred to as Private Investment in Public Equity (PIPE). The $800 million enterprise value for Wejo implies an estimated $1.1 billion pro forma equity value, the sources said. On Feb. 1, Wejo’s Israeli rival Otonomo said it would go public in a SPAC merger with Software Acquisition Group Inc II.
Persons: Wejo, Peter Thiel, Richard Barlow, Tim Lee, Jeffrey Warshaw, SPACs, , Otonomo Organizations: DETROIT, Private Investment, Public Equity, Investors, General Motors Co, Palantir Technologies Inc, Reuters, Chief, SEC, GM, Hyundai Motor Co, Daimler, Software Locations: British, U.S, Wejo, Manchester
Auto data startup Wejo on Friday will announce plans to go public through a reverse merger with blank-check company Virtuoso Acquisition Corp (VOSO.O) in a deal that values the British company at $800 million including debt, people familiar with the plans said. They said that includes $230 million from Special-Purpose Acquisition Company (SPAC) Virtuoso and another $100 million referred to as Private Investment in Public Equity (PIPE). The $800 million enterprise value for Wejo implies an estimated $1.1 billion pro forma equity value, the sources said. The new company will trade under the symbol "WEJO" but the stock exchange has not been determined, the sources said. On Feb. 1, Wejo's Israeli rival Otonomo said it would go public in a SPAC merger with Software Acquisition Group Inc II.
Persons: Wejo, Peter Thiel, Richard Barlow, Tim Lee, Jeffrey Warshaw, SPACs, Otonomo Organizations: Auto, Acquisition, Private Investment, Public Equity, Investors, General Motors Co, Palantir Technologies, Reuters, Chief, SEC, GM, Hyundai Motor, Daimler, Software, Thomson Locations: British, U.S, Wejo, Manchester
(Reuters) - Nasdaq Inc asked U.S. regulators on Wednesday to remove a restriction that limits how much money companies can raise through a direct listing on its stock market exchange, according to a regulatory filing reviewed by Reuters. FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. Nasdaq on Wednesday asked the SEC to remove any ceiling on how the shares trade. In making the request to the SEC, Nasdaq is reverting to the plan it submitted to the securities watchdog last August. Advocates of the plan say it will allow companies to raise money without paying hefty underwriting fees to Wall Street banks.
Persons: Brendan McDermid, Exchange Commission’s Organizations: Reuters, Nasdaq Inc, Nasdaq, REUTERS, U.S . Securities, Exchange, SEC, Wednesday, New York Stock Exchange, NYSE, Companies, Palantir Technologies, Global, Roblox Corp Locations: New York
EXCLUSIVE Nasdaq seeks to remove restriction in direct listing plan
  + stars: | 2021-05-26 | by ( Anirban Sen | ) www.reuters.com + 0.00   time to read: +2 min
The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File PhotoNasdaq Inc (NDAQ.O) asked U.S. regulators on Wednesday to remove a restriction that limits how much money companies can raise through a direct listing on its stock market exchange, according to a regulatory filing reviewed by Reuters. Direct listings allow companies to list on the stock market without a traditional and more costly initial public offering. In making the request to the SEC, Nasdaq is reverting to the plan it submitted to the securities watchdog last August. Advocates of the plan say it will allow companies to raise money without paying hefty underwriting fees to Wall Street banks.
Persons: Brendan McDermid, Exchange Commission's Organizations: Nasdaq, REUTERS, U.S, Reuters, U.S . Securities, Exchange, SEC, Wednesday, New York Stock Exchange, NYSE, Companies, Palantir Technologies, Roblox Corp, Thomson Locations: New York
Oatly, Procore debuts calm U.S. IPO jitters
  + stars: | 2021-05-20 | by ( Anirban Sen Krystal Hu | Anirban Sen | Krystal Hu | ) www.reuters.com + 0.00   time to read: +2 min
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo AllegriStrong stock market debuts by oat milk maker Oatly Group AB (OTLY.O) and construction software firm Procore Technologies (PCOR.N) eased investor concerns on Thursday that U.S. initial public offerings (IPOs) could suffer a bout of volatility. A sudden drop in the stock market, driven by concerns over inflation, pushed investors into safe-haven assets and prompted them to dump risky stocks. Several high-profile technology companies, including Airbnb (ABNB.O), Doordash (DASH.N), Snowflake (SNOW.N), Roblox (RBLX.N), Coinbase (COIN.O) and Palantir Technologies (PLTR.N) took advantage of the hype to go public. More companies are now turning to IPOs as investors fret over a bubble in the SPAC market.
Persons: Carlo Allegri, Oprah Winfrey, Natalie Portman, Mitch Nussbaum, Loeb & Loeb Organizations: New York Stock Exchange, REUTERS, Oatly, Procore Technologies, Inc, Healthcare, Loeb &, U.S, Palantir Technologies, Thomson Locations: Manhattan, New York City , New York, U.S, Sweden
Peter Thiel is backing a rival to Elon Musk’s brain implant company
  + stars: | 2021-05-19 | by ( Sam Shead | ) www.cnbc.com + 0.00   time to read: +5 min
Peter Thiel, co-founder and chairman of Palantir Technologies Inc., speaks during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. The early Facebook investor, who co-founded PayPal with Elon Musk in 1998, has backed the firm called Blackrock Neurotech in a $10 million financing round, taking an undisclosed amount of equity in the process. The funding round was confirmed to CNBC by Blackrock Neurotech but Thiel declined to comment. Among other things, Blackrock Neurotech, which has 88 staff, is also working on its own brain-computer interface (BCI) devices. Blackrock Neurotech eventually wants its devices to be distributed in the same way that pacemakers and cochlear implants are.
Persons: Peter Thiel, Kiyoshi Ota, Elon Musk, Blackrock Neurotech, Thiel, Marcus Gerhardt, Musk, Max Hodak, Neuralink, Gertrude, Gerhardt, Florian Solzbacher, Solzbacher, Neuralink Andrew Jackson, Jackson, Blackrock's, Thiel's Organizations: Palantir Technologies Inc, Bloomberg, Getty, PayPal, Elon, CNBC, Blackrock, Blackrock Neurotech, Software, Newcastle University, Neuralink Locations: Tokyo, Japan, Blackrock, Salt Lake City , Utah, San Francisco, U.S, China, Europe, Wales
Palantir accepts bitcoin in payment from customers
  + stars: | 2021-05-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: 1 min
May 11 (Reuters) - Peter Thiel-backed U.S. analytics company Palantir Technologies Inc said on Tuesday it accepts bitcoin in payment from customers. The company also said it was considering having bitcoin or other types of cryptocurrencies on its balance sheet. (Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)
Persons: Peter Thiel, Chavi Mehta, Shinjini Ganguli Organizations: Palantir Technologies Locations: Bengaluru
Palantir allows payments in bitcoin, mulls investing in cryptocurrencies
  + stars: | 2021-05-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.86   time to read: +2 min
REUTERS/Andrew Kelly(Reuters) - Palantir Technologies Inc, a Peter Thiel-backed U.S. analytics company, said on Tuesday it had started accepting bitcoin as payment from customers and was also considering investing in cryptocurrencies. This comes as the world’s biggest cyrptocurrency continues to gain acceptance across Wall Street with companies like Tesla Inc allowing customers to buy vehicles with bitcoin. The electric-car maker also bought $1.5 billion worth of bitcoin earlier this year, propelling its prices to record highs. The company’s revenue rose 49% to $341.2 million in the first quarter, above estimates of $332.23 million, according to IBES data from Refinitiv. Excluding items, the company earned a profit of 4 cents per share in line with analysts’ expectations.
Persons: Andrew Kelly, Peter Thiel, Thiel, Donald Trump Organizations: Palantir Technologies, New York Stock Exchange, REUTERS, Reuters, Palantir Technologies Inc, Tesla Inc, Refinitiv, U.S . Central Intelligence Agency Locations: Manhattan , New York City, U.S, cryptocurrencies
Palantir to take bitcoin as payment, mulls betting on cryptocurrencies
  + stars: | 2021-05-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) -Palantir Technologies Inc has started accepting payment in bitcoin and is considering investing in cryptocurrencies, the U.S. analytics provider disclosed, the latest firm to pivot to digital currencies that are gaining wider mainstream acceptance. FILE PHOTO: People walk by a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. REUTERS/Andrew KellyShares of the company rose 7% on Tuesday following the announcement, reversing a 9% slide in premarket trading amid a wider tech rout. Co-founded in 2003 by billionaire Peter Thiel, Palantir is known mainly for its work with U.S. government defense and intelligence agencies including the Central Intelligence Agency. The stock hit a peak of $45 on Jan. 27, fueled by its mention on Reddit forum WallStreetBets.
Persons: Andrew Kelly, Peter Thiel, Palantir Organizations: Reuters, Palantir Technologies Inc, Palantir Technologies, New York Stock Exchange, REUTERS, Central Intelligence Agency, Revenue Locations: bitcoin, cryptocurrencies, U.S, Manhattan , New York City, Refinitiv
Palantir reports 49% revenue growth for its first quarter
  + stars: | 2021-05-11 | by ( Jessica Bursztynsky | ) www.cnbc.com sentiment -0.99   time to read: +2 min
Palantir, the maker of software and analytics tools for the defense industry and large corporations, reported 49% revenue growth for its first quarter, beating Wall Street estimates. As of this past quarter, Palantir has 149 customers. Palantir partly attributed the quarter's growth to economic recovery U.S. and U.K., which helped boost commercial growth. Palantir said it expects to earn $360 million in revenue in its second quarter. The company also reaffirmed that it expects annual revenue growth of 30% or more for 2021 through 2025.
Persons: Peter Thiel, Joe Lonsdale, Alex Karp, Palantir Organizations: Palantir Technologies Inc, Palantir, Wall, New York Stock Exchange, CNBC, YouTube Locations: Tokyo, Japan, U.S
Take a look at some of the biggest movers in the premarket:Virgin Galactic (SPCE) – Virgin Galactic shares tanked 19.9% in premarket action. Callaway Golf (ELY) – Callaway rallied 7.5% in premarket trading after it surged well past the 14 cents a share consensus estimate, with quarterly earnings of 62 cents per share. Palantir Technologies (PLTR) – The data analytics company matched Wall Street forecasts with quarterly profit of 4 cents per share, while revenue topped estimates. Hanesbrands (HBI) – The apparel maker earned 39 cents per share for its latest quarter, beating the 26 cents a share consensus estimate. 3D Systems (DDD) – 3D Systems earned 17 cents per share for its latest quarter, blowing past the 2 cents a share consensus estimate.
Persons: Richard Branson's, – Callaway, Callaway, Hanesbrands, Perrigo, BTIG, – Roblox, , Novavax, Simon Property, Simon, Norton LifeLock, – Norton LifeLock Organizations: Virgin Galactic, Brands, Body, The New York Times, Palantir Technologies, Revenue, Research, Simon Property, Systems, – Norton Locations: ELY, The, U.S, Europe
The Labor Department's JOLTS report — the measure of job opportunities and labor turnover — is out at 10 a.m. U.S. stock futures indicated a lower open Tuesday, a day after a tech-led sell-off saw the S&P 500 and Nasdaq post their largest one-day percentage losses since March 18. Dow futures implied an opening drop of around 142 points, while S&P 500 and Nasdaq futures were further in the red. Full Truck Alliance, which links truck drivers to people who want to ship items, received backing last fall from SoftBank and Tencent. The transaction is expected to close in August, putting Victoria's Secret and Bath & Body Works into two publicly traded firms.
Persons: Dow, Biden, Joe Biden, Vladimir Putin, Maria Van Kerkhove, Uber Organizations: Palantir Technologies, Electronic Arts, EA, Labor, Nasdaq, Dow, CNBC, Pfizer, U.S . Food, Drug Administration, Centers for Disease Control, Colonial Pipeline, FBI, World Health Organization, WHO, Associated Press, Alliance, National Transportation Safety, Facebook, NBC, Brands, Body, Globes, Hollywood Foreign Press Association, Comcast Locations: U.S, Russia, Moscow, Russian, India, SoftBank, Spring , Texas, Hollywood
Palantir quarterly revenue beats estimates on more government contracts
  + stars: | 2021-05-11 | by ( ) www.reuters.com sentiment -0.97   time to read: +1 min
People walk by a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. REUTERS/Andrew KellyTech billionaire Peter Thiel-backed firm Palantir Technologies Inc (PLTR.N) on Tuesday beat quarterly sales estimates as the U.S. data analytics firm clinched more software contracts from businesses and government organizations across the world. Palantir said U.S. governmental revenue grew 83% in the first quarter from a year earlier, while revenue from commercial customers in the United States grew 72%. The company's net loss widened to $123.5 million in the quarter ended March 31 from $54.3 million a year earlier. Revenue rose 49% to $341.2 million, above estimates of $332.23 million, according to IBES data from Refinitiv.
Persons: Andrew Kelly, Peter Thiel, Palantir Organizations: Palantir Technologies, New York Stock Exchange, REUTERS, Andrew Kelly Tech, U.S . Central Intelligence Agency, CIA, Revenue, Thomson Locations: Manhattan , New York City, U.S, United States, Refinitiv
Squarespace float brings tech deals full circle
  + stars: | 2021-05-07 | by ( ) www.reuters.com + 0.00   time to read: +3 min
It's finally planning to float shares via a direct listing later this month. On that company's enterprise value-to-revenue multiple of 5 times, Squarespace would be worth some $3 billion. As with the direct listing of games platform Roblox (RBLX.N) in March, for example, the goal is a more open price-discovery process. Still, it is rare of late to have a technology firm going public with a history of profitability. - Job portal Ziprecruiter and delivery app Instacart also both plan to go public via direct listing, according to Reuters.
Persons: Anthony Casalena, It's Organizations: Google, New, Tiger Global, D1 Capital Partners, Reuters, New York Stock Exchange, Twitter, Palantir Technologies, Securities and Exchange Commission Locations: Seoul, South Korea, Squarespace, New York City
Simon Property Group Q1 2021 earnings release: after market; conference call: 5 p.m. Andrew Kelly | ReutersaPalantir Technologies Q1 2021 earnings release: before market; conference call: 8 a.m. Vizio Q1 2021 earnings release: after market: conference call: 4:30 p.m. Wednesday: Wendy's, Bumble and GrowGenerationWendy's Q1 2021 earnings release: before market; conference call: 8:30 a.m. ROBYN BECK | AFP | Getty ImagesAlibaba Q4 2021 earnings release: before market; conference call: 7:30 a.m.
Persons: CNBC's Jim Cramer, Tyson, Roblox Tyson, Cramer, Expedia, haven't, Andrew Kelly, Reutersa, It's, Bumble, ROBYN BECK, Disney's, they've Organizations: TSN, Tyson Foods, Marriott International, Simon Property Group, Occidental Petroleum, Roblox, Marriott, Simon Property, Palantir Technologies, New York Stock Exchange, Disney, Anaheim Convention Center, AFP, Getty, Fed Locations: Manhattan , New York City, U.S, Anaheim, Anaheim , California, China
Palantir's Alex Karp gets $1 billion payday in 2020
  + stars: | 2021-04-29 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
Alex Karp co-founder and CEO of Palantir Technologies speaks at the WSJD Live conference in Laguna Beach, California, U.S., October 26, 2016. REUTERS/Mike BlakeData analytics firm Palantir Technologies Inc's (PLTR.N) chief earned a billion dollars last year after taking the company he co-founded public, a regulatory filing showed on Thursday. CEO Alexander Karp received a compensation of $1.10 billion that included $797.9 million earned in options and $296.4 million in stock awards. Co-founder and President Steven Cohen was paid $192 million, compared with $16.1 million in 2019. It has also been partnering with big private-sector names including Rio Tinto and IBM for data analytics.
Persons: Alex Karp, Mike Blake, Alexander Karp, Palantir, Steven Cohen Organizations: Palantir Technologies, REUTERS, Technologies, Central Intelligence Agency, Rio Tinto, IBM, Thomson Locations: Laguna Beach , California, U.S, Rio
Contrary to false claims on social media, the real name of Facebook founder and CEO Mark Zuckerberg is, in fact, Mark Zuckerberg, not Jacob Greenberg. Neither of his grandfathers was billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families. And he is the grandson of David Rockefeller,” a post reads (here). IS ZUCKERBERG A DESCENDANT OF DAVID ROCKEFELLER? Facebook CEO Mark Zuckerberg’s real name is not Jacob Greenberg, and he is not a grandson of David Rockefeller.
Persons: Mark Zuckerberg, Jacob Greenberg, David Rockefeller, Zuckerberg’s, , “ Zuckerberg, MARK ZUCKERBERG’S, Mark Elliot Zuckerberg, Karen Zuckerberg, née, Edward Zuckerberg, Randi, Donna, Jack Zuckerberg, Sidney G, Kempner, Beth Abraham, Zuckerberg, Sidney Kempner, Karen, Edward Zuckerberg “, Mark, Priscilla Chan ”, Zucker, ZUCKERBERG, DAVID, Rockefeller, David, Abby Rockefeller, Neva Goodwin, Peggy Dulany, Eileen Growald, Richard, John D, JACOB GREENBERG, Snopes, Jacob Michael Greenberg, Greenberg, Rothschild, Jeff Rothschild, Peter Thiel, Thiel, Mark Zuckerberg’s, Read Organizations: Facebook, Chase Manhattan Corp, FB, CIA, U.S . Army, Brooklyn College, DAVID ROCKEFELLER, Rockefeller Jr, New York’s Rockefeller Center, Standard Oil, WHO, FACEBOOK Reuters, U.S . Central Intelligence Agency, PayPal, Silicon, Palantir Technologies, Reuters, & $ Locations: , White Plains , New York, Westchester, Dobbs, New York City, Tarrytown , New York, Arizona
I have become hooked on easy options trading and am worried not only about what this means for me but about the unforeseeable impacts it will have on the whole of the stock market. In minutes — and with too much ease — I linked my bank account, transferred $400, and was approved for options trading. For a $31 "premium" you can purchase a call option contract with an expiration date of May 28. However, you will not recoup all of your initial investment unless Ford closes at or above $13.31 per share, the "break even" price. When the bubble does pop, retail investors trading in small sums are going to be blamed for manipulating the market.
Persons: Kevin, Ford, Robinhood, Kevin Sartain Organizations: Navy, Palantir Technologies Inc, Ford Motor Company, Ford, Vanguard, Micron, Virgin Galactic, Nokia, Xbox, AMC, Public Administration, Harvard Kennedy School of Government, DoD
Fervor Over Coinbase I.P.O. Spreads: Live Business Updates
  + stars: | 2021-04-14 | by ( Eshe Nelson | ) www.nytimes.com + 0.00   time to read: +12 min
Spreads: Live Business Updates RIGHT NOW Toshiba’s top executive resigns amid company turmoil. Shares of Coinbase, a trading platform for digital currencies, begins publicly trading on Wednesday. Riot Blockchain shares rose nearly 5 percent. Shares in Bit Digital, a Chinese bitcoin mining company, rose nearly 25 percent in premarket trading in the United States. Its shares rose 4 percent after the company said revenue from its cloud business was growing and upgraded its forecast for full year earnings.
Persons: Richard Drew, , Goldman Sachs, Brian Armstrong, Michael Short, Bloomberg Coinbase, Andrew, Goldman, Coinbase, Armstrong, Satoshi Tsunakawa, Nobuaki Kurumatani, Toru Hanai, Nobuaki, , Kurumatani, Osamu Nagayama, Hisako Ueno, Matt Phillips, ” Amelia Garnett, ” Tesla, Cathie Wood, Daniel Schreiber, Schreiber, , Mr, Susan Zirinsky, Zirinsky, Baillie Gifford Organizations: ., Associated Press, United States ., JPMorgan Chase, Tesco, Credit Suisse, Archegos Capital Management, Bloomberg, Treasury, West Texas Intermediate, Nasdaq, U.S, CNBC, ICE, Toshiba, Reuters Toshiba, Westinghouse, Capital Partners, Effissimo Capital Management, CVC Capital Partners, Associated, The New York Times, “ Retail, Goldman, Global, Wall, Ark Investment Management, Palantir Technologies, CBS, Epic, Sony, PlayStation, Appaloosa Management, Fidelity Management Locations: United States, Europe, German, easyJet, American, U.S, San Francisco, Singapore, Japan
Dozens of companies are suddenly paying more attention to individual investors. Small investors who buy single stocks have not been a major force in financial markets for the better part of half a century. They were growing in influence before the pandemic, partly because of the popularity of free trading apps such as Robinhood. But with millions of Americans stuck at home during the pandemic, the trading trend escalated, Matt Phillips reports for The New York Times. Ark Investment Management — the high-flying, tech-focused exchange-traded fund company run by the investor Cathie Wood — and Palantir Technologies, are also trying to reach small investors directly.
Persons: Matt Phillips, ” Amelia Garnett, ” Tesla, Cathie Wood Organizations: The New York Times, “ Retail, Goldman, Global, Wall, Ark Investment Management, Palantir Technologies
Beware the strategy of buying unprofitable tech stocks, Bernstein warns
  + stars: | 2021-04-13 | by ( Thomas Franck | ) www.cnbc.com sentiment -1.00   time to read: +1 min
Unprofitable tech companies in the U.S. have been outperforming recently, but they could pose a threat to investors hoping to beat the broader market's return. Widely followed Bernstein tech analyst Toni Sacconaghi sounded the warning Monday, telling clients that the unusually high percentage of income-less tech companies could catch some investors off guard in the coming months. Bernstein analyzed unprofitable stocks over the last 50 years. The firm found that unprofitable tech names can keep pace, if not slightly outperform, the broader market while growth stocks are in favor. But that can quickly deteriorate, the analyst wrote, if investors' tastes change or a company fails to generate income for multiple years.
Persons: Bernstein, Toni Sacconaghi Organizations: Palantir Technologies, New York Stock Exchange Locations: Manhattan , New York City, U.S
Peter Thiel criticizes Google and Apple for being too close to China
  + stars: | 2021-04-07 | by ( Kif Leswing | ) www.cnbc.com sentiment -0.99   time to read: +1 min
Peter Thiel, co-founder and chairman of Palantir Technologies Inc., speaks during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Tech investor Peter Thiel criticized big U.S. technology companies for being too close to China at a Tuesday appearance at a virtual event held by the Richard Nixon Foundation. Thiel, who co-founded PayPal and sits on Facebook's board after making an early investment, is an outspoken voice in the technology investment world is known for contrarian opinions and conservative leanings. On Wednesday, the Nixon session focused on China, and he was joined by former Secretary of State Mike Pompeo and former National Security Advisor Robert O'Brien. "Since everything in China is a civilian- military fusion, Google was effectively working with the Chinese military, not with the American military," Thiel said.
Persons: Peter Thiel, Richard Nixon, Thiel, He's, Donald Trump's, Nixon, Mike Pompeo, Robert O'Brien Organizations: Palantir Technologies Inc, Tech, Richard, Richard Nixon Foundation, PayPal, National Security, Google, CNBC Locations: Tokyo, Japan, China
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