Palantir experienced a decline of over 3% in premarket trading is attributed to Faraday Future’s situation. Faraday Future, an electric vehicle (EV) manufacturer, went through a merger with a special purpose acquisition company (SPAC) to become a publicly traded company. As part of the merger, Palantir made an investment in Faraday Future through the Private Investment in Public Equity (PIPE) portion. However, Faraday Future encountered challenges, including the need for a reverse stock split (consolidating existing shares) and delays in delivering their electric vehicles. These circumstances have had a negative impact on Faraday Future’s prospects, which in turn influenced the stock performance of Palantir. Overall, Palantir’s stock decline can be attributed to the difficulties faced by Faraday Future.
Palantir Fell Over 3% in Premarket Trading Because of Faraday Future’s Predicament
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If you can rely on everything that Alex Karp stated over the past month there's no reason that Palantir shouldn't be $30 a share by the end of the year if not higher.
I'm not surprised seeing her testimony here, I have been seeing her testimony on the youtube channel and Facebook, the woman must be perfect for people to be saying this good about her.
I'm seeking for a more effective investment📉📉📉📉 approach How good is this person at portfolio diversification, particularly with regard to digital assets?
Downgrades coming. Question now is do you sell at $13 or wait until it drops to $8 and then sell?
My thoughts if market turns around and are close to report quarter think stock be near 17 . May break 20 by sept
..,like I said for the 3rd time now, 600% earnings growth this quarter!!!! "Unprecedented" 🚀
Big portfolio shuffle for PLTR last quarter. Good to see the adjustments being made.