Palantir Gets a Rah Rah from Bloomberg
March 5, 2016
I posted the unicorn flier in “Palantir: A Dying Unicorn or a Mad, Mad Sign?” I read “Palantir Staff Shouldn’t Believe the Unicorn Flyers.” I assume that the alleged fliers did exist in the Shire and were not figments of a Tolkienesque imagination. (I wonder of JRR’s classes were anchored in reality.)
The write up states:
For now, Palantir people can rest easy in the Shire, a.k.a. downtown Palo Alto, Calif. The company, which was named after the “seeing stones” from the Lord of the Rings, is not at risk of an evil wizard with preferred shares coming to vaporize workers’ share value.
The write up contains a hefty dose of jargon; for example:
During the fourth quarter of 2015, 42 percent of deals had such provisions, compared with 15 percent in the previous two quarters. Investors were also given the right to block an initial public offering that didn’t meet their valuation threshold in 33 percent of deals in the fourth quarter, compared with 20 percent in the second quarter, the study said. Palantir had neither provision.
Okay.
The only hitch in the git along is that Morgan Stanley has cut the value of its stake in Palantir.
Worth watching even if one is not an employee hoping that the value of this particular unicorn is going to morph into a Pegasus.
Stephen E Arnold, March 5, 2016
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