Palantir Is Yet Another NYSE Listing (Bubble?) and Apple Scores a W Over Epic 💻

Palantir Is Yet Another NYSE Listing (Bubble?) and Apple Scores a W Over Epic


You can’t move for initial public offerings in this market. We have another one to report, Palantir! This Peter Thiel-backed tech unicorn is striking while the iron is hot and raising funds during the tech bull run, advertising its data-mining business to investors full-time.

It’s currently unprofitable and losing $516 million per year, but those are rookie numbers in this market. Palantir needs to be losing at least $1 billion if it expects to be successful pitching to the tech crowd today (it’s a joke)!

In Palantir’s press filing, it cited negative press coverage as a risk factor, which is quite unusual. The company will hope controversies surrounding the data privacy of its main service, Foundry, can sway modern capital market participants in favor of its new stock.


Apple countersued Epic Games into oblivion following its request for special treatment, and legal objection to the App Store’s 30% cut of revenues. Apple swung the court when it said Epic wanted a secret side deal. It’s not going to get that. It won’t even get Fortnite back on the App Store, says the judge. This case looks like a slam dunk for Tim Cook, Apple CEO.

It’s firm but fair, according to judge Yvonne Rogers, that Apple says “no” to doing business with Epic Games as it approaches the tech giant with special requests. Epic breached the terms and conditions of its App Store listing by creating a new payment system. End of.

The court will make a final ruling on September 28th. This is significant for investors because, if the ruling comes down in favor of Apple, the infamous 30% clip will be bankable profits for the foreseeable future. This risk reduction would send Apple’s stock price up, no end!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.


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