Wednesday 18 September 2019
Bloomberg today reported that Palantir Technologies, a Peter Thiel-founded company that builds mass-surveillance solutions for law enforcement agencies, will delay its highly-anticipated IPO indefinitely. According to the report, CEO Alex Karp needs more time to woo foreign investors. Thiel‘s also reportedly sent a memo to employees indicating they shouldn’t expect the company to IPO within “the next three years.” That doesn’t necessarily mean it will IPO then, just that whatever business plan the company’s executives are working off now has changed from what appeared to be a sure bet for at least a $20 billion initial offering to… holding off for now.…
This story continues at The Next Web
