Palantir Under Pressure From Shareholders
Palantir's own big investors are pushing back over its alleged human rights abuses — bad news for the company's image, but it keeps raking in government cash anyway.
- Shareholders voted on a proposal forcing Palantir to address alleged human rights violations, filed by religious groups and backed by Norway's giant sovereign wealth fund.
- Palantir doesn't spy on Americans directly — it helps the government sort through the mountains of data it already collects on citizens.
- The company defended its work with the US military, ICE, and the Israeli military, calling it support for democracy.
- Critics say the real motive is money: Palantir's government revenue is set to jump to $3.8 billion next year, up from $2.4 billion.
- CEO Alex Karp has publicly cheered on aggressive US and Israeli military actions, which fuels the backlash.
Outlook: The pressure is unlikely to dent Palantir's fast-growing government contracts, even as the human rights complaints keep building.