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joellow
2021-03-17

Power I like him!

Palantir stock dips after CEO tells short-term investors to consider other stocks

Palantir CEO Alex Karp appeared at an event hosted by The Executives' Club of Chicago and some of hiscomments alsoaired on CNBC.Karp did say he "likes so-called retail investors for lots of reasons" and said that Palantir's direct listing was a way to even the playing field between individual and institutional investors.Wall Street's short-term focus is "one of the most destructive, corrosive attributes of an otherwise interesting and largely functioning system," said Karp.

Palantir stock dips after CEO tells short-term investors to consider other stocks

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If you are speculating or you’re thinking about this short-term, there are plenty of other things to invest in. If you want something else, it’s a huge world. Buy some other stock. You don’t have to buy Palantir. 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