Palantir CEO Alex Karp twice confronted short sellers this week as the company's shares suffered a double-digit drop.
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With Palantir’s
stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company.
Karp, who co-founded Palantir in 2003, went after short sellers in two separate interviews on CNBC this week. After “Big Short” investor Michael Burry revealed bets against Palantir and Nvidia
, Karp on Tuesday accused short sellers of “market manipulation.”
Wall Street analysts raised concerns about Palantir's elevated valuation and famed hedge fund manager Michael Burry revealed a…
"The idea that chips and ontology is what you want to short is bats--- crazy," Alex Karp said.
Palantir posted strong third-quarter earnings, but shares dropped 16% this month on valuation concerns and a short position from…
Palantir CEO Alex Karp took on the critics during the company's third-quarter earnings call after the bell on Monday.
Retail traders dumped $82M in Palantir stock as they rotated into memory chips, while Germany excluded the company from its…
One analyst suggested stocks may be suffering from “rally exhaustion.”
