Forbes advises – steer clear of Palantir

There’s a good reason why the British taxpayer should not be exposed to Palantir Technologies, the company at the heart of a legal case to stop them from securing mass NHS patient data. They are not trustworthy. Here are some of the headlines about the company:

• Forbes headline: How A ‘Deviant’ Philosopher Built Palantir, A CIA-Funded Data-Mining Juggernaut. Palantir lives the realities of its customers: the NSA, the FBI and the CIA – an early investor through its In-Q-Tel venture fund–along with an alphabet soup of other U.S. counterterrorism and military agencies. In its first five years, Palantir became the go-to company for mining massive data sets for intelligence and law enforcement applications, with a slick software interface and coders who parachute into clients’ headquarters to customize its programs.
• Forbes also advises the public to stay away from investing in its headline: 2 Reasons You Should Avoid Palantir Stock. The fact that it burns through piles of cash is commonplace for tech Co’s today – but more importantly – “Its governance structure is investor unfriendly.” That’s code for very risky as it’s bound to get caught involving itself in projects it should be nowhere near.
• Palantir ordered to open books to an investor seeking U.S. fraud probe
• Palantir to pay $1.7m over accusation it discriminates
• Listed as one of the most evil companies on earth because – “Palantir (is listed 4th) primarily because of the company’s unapologetic technical support of menacing practices by the Trump administration.” (source).

 

 

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