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Why Palantir Plunged 14.7% in November

TheMotleyFool

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Why Palantir Plunged 14.7% in November: https://g.foolcdn.com/editorial/images/711710/global-communication-network-1.jpg

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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