On September 30, 2020, Palantir (NYSE: PLTR), which Peter Thiel of PayPal fame co-founded in 2003, went public.
The stock has suddenly fallen to levels that are quite close to its initial IPO price after two years of tremendous performance.
Let's look at Palantir's revenue generation as it is not just extremely contentious but has also been operating for more than 17 years.
The mystical crystal "seeing stones" from J.R.R. Tolkien's "Lord of the Rings" books, which may be used for communication and to observe events taking place anywhere in the globe, are the inspiration for Palantir.
For instance, that implies that all Palantir needs to provide you with extensive information about someone is their name and licence plate number.
It conducts a thorough investigation of all criminal, financial, medical, communication, and covert agency data pertaining to the target.
The company's technology was used to track medical supply chains, find Osama bin Laden in 2011, track COVID-19 infections, and even forecast breakouts in pandemic hotspots.
Consider the business to be a search engine for in-depth study of petabytes (or millions of gigabytes) of data.