$PLTR Part 1: Have you heard about the company that helped capture Bin Laden?
Palantir - the crystal ball of American intelligence!
Palantir Technologies is one of the most successful big data companies existing in the US today.
Palantir's tools are in every American intelligence agency!
Among the mystery surrounding the company's activities, it is known that the company provides data mining and big data analytics services.
The company was founded by super-entrepreneur Peter Thiel - co-founder of PayPal and the first investor in Facebook!
Palantir's strength lies in its clients - governments, armies, international banks, and state entities in over 150 countries!
The young company holds business contracts that are growing for many years ahead with various and diverse agencies!
Last year Palantir won an FDA contract worth $44 million and last month won a US Army contract worth $823 million!
Currently, the company stands at $400 million in revenue per quarter - almost $2 billion annually!
Earlier this year, the company launched an initiative with IBM in which it offered its products to the business market - an expansion to a new potential customer base!
There are those who are keen to accumulate Palantir in large quantities - among them none other than ARK funds manager - Cathie Wood!
Continuation and technical analysis in the next post: