Lots of happy people as Palantir and Asana spike on first day of trading

The markets are closed and the verdicts are in: investors liked what they saw in Palantir and Asana . The two companies, which debuted this morning in dual (and duel) direct listings, continued to prove that enterprise tech companies without the brand recognition of Spotify (which conducted its own direct listing back in 2018) can […]

In its 5th filing with the SEC, Palantir finally admits it is not a democracy

Palantir is not a democracy, and it really, really, really wants you to know that. Palantir’s governance has been under an exacting lens from regulators the past few weeks as it prepares for a public direct listing on September 29th. In revision after revision of its S-1 filing to the SEC — now totaling eight […]

In its 4th revision to the SEC, Palantir tries to explain what the hell is going on

For a company vaunted for its clandestine government work and strong engineering culture, you can’t help but wonder if the government’s bureaucratic norms and paperwork pushing are starting to flood into the Shire. When most companies go public, they file a Form S-1 with the SEC, wait a few weeks through the investor road show, […]

As it heads for IPO, Palantir hires a chief accountant and gets approval from NYSE to trade

After 17 years, Palantir is getting closer and closer to its public debut later this month. We’ve been covering different facets of the company’s direct listing process, including concerns about its governance and how insiders are accelerating the sale of their shares as the public markets date looms closer. Now, we have several major updates […]

As direct listing looms, Palantir insiders are accelerating stock sales

According to Palantir’s latest S-1 amended filing published this morning, the company intends to start trading in two weeks on September 23 under the ticker PLTR. That gives us a bit of time to speculate about how the company will perform on the public markets, particularly given Palantir’s unusually shareholder-hostile governance structure, which was a […]

The bullish case for Palantir’s direct listing

The Palantir S-1 finally dropped yesterday after TechCrunch spilled a bunch of its guts last Friday. You can read the filing here, if you are so inclined. Today, however, instead of our usual overview, I have a different goal: We’re going to be a bit more specific. It’s fun and easy to clown on Palantir’s […]

Leaked S-1 says Palantir would fight an order demanding its encryption keys

Palantir, the secretive data analytics startup founded by billionaire investor Peter Thiel, would challenge a government order seeking the company’s encryption keys, according to a leaked document. TechCrunch has obtained a leaked copy of Palantir’s S-1, filed with U.S. regulators to take the company public. We’ve covered some ground already, including looking at Palantir’s financials, […]

Decrypted: As tech giants rally against Hong Kong security law, Apple holds out

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How ‘the Internet broke America’ with The New Yorker’s Andrew Marantz

When Elizabeth Warren took on Mark Zuckerberg and Facebook earlier this week, it was a low moment for what New Yorker writer Andrew Marantz calls “techno-utopianism.” That the progressive, populist Massachusetts Senator and leading Democratic Presidential candidate wants to #BreakUpBigTech is not surprising. But Warren’s choice to spotlight regulating and trust-busting Facebook was nonetheless noteworthy, […]

Keith Rabois, BoxGroup back New York-based Brex competitor

Considering its unparalleled success, it was only a matter of time before a Brex copycat emerged. Ramp Financial, a new startup led by Capital One-acquired Paribus founders Eric Glyman and Karim Atiyeh (pictured), has raised $7 million, TechCrunch has learned. The capital came from Keith Rabois of Founders Fund, BoxGroup’s Adam Rothenberg and Coatue Management, […]