Many of Palantir’s financial metrics leaked last week, making the most revealing part of its S-1 filing CEO Alexander Karp’s railing against digital advertising-dependent tech firms. “Our company was founded in Silicon Valley. But we seem to share fewer and fewer of the technology sector’s values and commitments,” he wrote in the prospectus, which became public Tuesday. “From the start, we have...
Palantir Goes on Defensive in S-1
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Watching for Peak SPAC: The Information’s Tech Briefing

Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
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