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Palantir is trying to raise another ~400mm to finance their operations. And I honestly think this just another PR stunt to attract investors. The 'secretive' attitude is just a game of deception. They are deceiving investors into believing that the company has a real product. However if you talk to any FDE or Embedded Analyst, you'll immediately realize that this is a consulting company. Which should be valued at far lower multiple than a real product company.

Every new contract requires dozen extra people...That's why they are on a hire spree right now, (because of a large 'consulting' contract with a an oil company, that should stay unamed). However, with oil trading at 50s, they are scared and they trying to get some cash to cushion a possible contract cancellation.

To be continued...

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