FUCK!!!!February 24, 2021 11:16 AM ET (BZ Newswire) -- Earnings
Alongside their Q4 earnings, Palantir Technologies Inc. (NYSE: PLTR) revealed a multi-million dollar expansion of its collaboration with no other than the conglomerate 3M (NYSE:MMM). 3M will be expanding its use of Palantir's Foundry platform during its undergoing digital transformation to build a dynamic supply chain and be able to respond nimbly to changes in demand across tens of thousands of products. Palantir's stock has been under pressure lately as insiders have sold shares as soon as the lockup provision expired. The stock sales likely do not indicate Palantir's prospects are worsening because insider sales are common, especially among executives who count company stock as a large piece of their net worth.
Since Palantir went public in late September via a direct listing, its stock has skyrocketed more than 175%. Its most recent fourth quarter earnings saw revenue beating expectations although the company delivered a loss.