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Why Palantir Plunged 14.7% in November

TheMotleyFool

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Why Palantir Plunged 14.7% in NovemberPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of software platform Palantir (NYSE: PLTR) fell 14.7% in November, according to data from S&P Global Market Intelligence.

Palantir burst onto the public markets in 2020 as a tantalizing software play with products used by the CIA and Department of Defense, which Palantir is now expanding to commercial customers.

However, growth has decelerated this year, as its third-quarter earnings report showed. Additionally, Palantir made strategic investments in start-ups using its software at the height of the 2021 SPAC boom – and those bets are now souring in a big way.

Source Fool.com

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