PALANTIR TO THE MOON?

[leon]

Something seems off with this report
the company dropped from about $27 a share to about $8 a share and stock holders are excited?


https://www.vice.com/en/article/4axgx3/ ... nvolvement

"PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!" one commenter said.
EO
By Edward Ongweso Jr
07 June 2022

You might be surprised to learn that Palantir, a company that helps ICE separate and deport families with its technology, is one of the most popular meme stocks traded by online retail investors. Because of this, online traders celebrate new ICE contracts, for example, and now some are stoked about the company showing up amid the Russia-Ukraine war.

https://www.vice.com/en/article/pkeg99/ ... immigrants
https://www.vice.com/en/article/akg3jp/ ... -them-rich

The surveillance software company co-founded by far-right billionaire Peter Thiel and self-professed progressive CEO Alex Karp has been a darling of communities like Reddit’s WallStreetBets for nearly two years now—the subreddit refers to Karp as "Papa Karp" and is flooded with a litany of memes celebrating its various spikes, bemoaning crashes, and mocking anyone who didn’t invest at the right time.

https://www.reddit.com/r/wallstreetbets ... =&sort=top

On June 2, Karp became the first chief executive to meet with Ukrainian President Volodymyr Zelenskiy since Russia invaded the country three months ago. Mykhailo Fedorov, Ukraine's minister of Digital Transformation, posted a photo of the meeting and confirmed in a tweet that Karp was not only the first CEO to visit since the invasion, but demonstrated "Impressive support and faith in credibility of investments: agreed on office opening and digital support of Army."

As for what that actually means, it's not entirely clear. "Dr. Karp and President Zelenskyy discussed how Palantir can continue to use its technology to support Ukraine. With geopolitical tensions rising all over the world, enhancing security and protecting democratic institutions has never been more important," Palantir told Bloomberg in a statement.

Traders on Twitter were excited at the news, praising the company for the move. “$PLTR LEADER does LEAD. $PLTR makes me proud to be a shareholder,” one user replied to Fedorov’s tweet. Another user was even more excited: “This is why I'm invested in palantir!!! I'm buying the dip all the way down!!”

A similar sentiment took hold on Youtube in the comments to one trader’s recap of the visit. "Makes me proud to be a shareholder. Love this company," one commentator replied on Youtube. Others could barely hide their excitement, with one reply reading: "PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!"