Reported 1 day ago
Palantir's CEO Alex Karp has set an ambitious goal to increase the company's revenue tenfold while reducing its workforce by over 10%. Following a strong second-quarter performance, with revenues surpassing $1 billion for the first time, Karp's vision has garnered attention from investors as the company's stock hits record highs. As Palantir expands its U.S. commercial business and secures significant government contracts, analysts are revising their expectations, prompting discussions on the sustainability of such rapid growth amid a high valuation.
Source: YAHOO