Bloomberg News reports on Friday that the secretive big-data and surveillance technology firm Palantir is preparing to register an S-1 filing confidentially, and plans to go public in the coming weeks and start trading as early as fall 2020.
As others have pointed out, it's an interesting time for a much-criticized tech firm to go public, right before the election which decides whether we get another four years of Donald Trump, and his brand of technofascism, with which Palantir's chief executives seem very content.
The U.S. Department of Palantir set to IPO later this year https://t.co/tQzByQom7L
— Mike Dudas (@mdudas) June 11, 2020
Hey @Bloomberg, this is a dishonest representation of what Palantir does.
"Dozens of law enforcement and government agencies around the world use Palantir to find missing children, investigate tax fraud and track the spread of Covid-19."https://t.co/n1Wuna8kQN
— William Fitzgerald (@william_fitz) June 12, 2020
It was an intentional choice on Bloomberg's part to list "tracking the spread of COVID-19" as one of Palantir's functions, while omitting building tools for ICE that are mission critical to deportations. https://t.co/dn3cri8NCd
— Sasha Perigo (@sashaperigo) June 12, 2020