Why Is Everyone Talking About Palantir Stock?
Palantir's (NYSE: PLTR) stock was recently rocked by two major developments. First, the data-mining firm's stock dipped amid reports that it could lose its contract with Immigration and Customs Enforcement (ICE). But a few days later Palantir's stock rebounded after it secured a new U.S. Army contract. Let's examine these two news stories and how they could affect the company.
One of Palantir's most controversial platforms is FALCON, a customized version of Gotham that ICE uses to track and deport undocumented immigrants. Palantir's work with ICE has sparked protests, internal disputes, and even calls for Amazon (NASDAQ: AMZN) Web Services (AWS), to stop offering its services to Palantir. Palantir co-founder Peter Thiel's outspoken support for former President Donald Trump's immigration policies exacerbated those tensions.
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Source Fool.com
