Palantir Technologies' stock (PLTR -3.91%) has taken investors seriously after it came out on a straight line September 30, 2020. returned about $ 12 a share.
Why Elon Musk Just Bought Twitter
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On Monday, Elon Musk bought Twitter for $ 44 billion. Musk, C.E.O. of Tesla, the world's richest man, plans to take over a private communications company, and says he wants Twitter to be more...
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Tesla stock fell 11% on Tuesday as investors scrambled with Elon Musk for Twitter acquisition and increased EV competition. Musk uses most of his Tesla stake as collateral to finance the $ 44 billion acquisition on social media. Meanwhile, Ford said it was facing a strong demand for its F-150 and that it plans to produce 150,000 units by 2023. Tesla&#...
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Twitter has announced that it welcomes Elon Musk's $ 44 billion promise to buy on Monday. Jeff Bezos took to Twitter to ask if Tesla's business dealings in China would empower the company. Twitter has been banned in China since June 2009 as part of the country's "Great Firewa...
Does that pull mean a great opportunity to buy from patient investors? Let's review the cases of the bull and the bear so that we can decide.
What does Palantir do?
Palantir uses two major software platforms: Gotham, which works for government clients; and Foundry, which works for large corporations and private organizations. A third platform, Apollo, provides automated software updates for both platforms as a cloud-based service.
Palantir software integrates data from a variety of sources and analyzes it with artificial intelligence algorithms to help organizations make informed decisions. For example, the U.S. Army uses Gotham to collect intel from various government agencies and local resources to organize the trip. Large companies can also use their algorithms to simplify their operations.
The bears still have a high hand
Palantir's business should continue to grow at an astonishing pace this year, but its continued losses, declines, and domestic sales indicate that its stock could further decline in this challenging market. Therefore, I believe investors should avoid Palantir until its price and sales ratio drops to a single digit.
