Thread by @StefSimanowitz, A company owned & controlled by Dominic Cummings paid £250,000 to Faculty, [...]

A company owned & controlled by Dominic Cummings paid £250,000 to Faculty, the AI firm that worked on Vote Leave, in 2018/2019.

Faculty also got the NHS #COVID contract alongside Palantir - a shadowy US AI firm owned by far-right billionaire, Peter Thiel. https://www.theguardian.com/politics/2020/jul/12/revealed-dominic-cummings-firm-paid-vote-leaves-ai-firm-260000">https://www.theguardian.com/politics/...

Revealed: Dominic Cummings firm paid Vote Leave's AI firm £260,000

Boris Johnson’s chief adviser declines to explain reason for payments to Faculty

https://www.theguardian.com/politics/2020/jul/12/revealed-dominic-cummings-firm-paid-vote-leaves-ai-firm-260000

2/ Faculty AI was set up by the Warner brothers. They worked on Tory election & Leave campaigns.

They both attended SAGE meetings. Ben was in 13 of 34 meetings.

Faculty, won a £250m NHS contract last August (this was only publicly announced on 13 March).

3/. Faculty AI (formerly known as ASI Datascience) has so far won 13 govt contracts.

Faculty rprtdly employed several Cambridge Analytica employees to provide the data behind Cummings Vote Leave data team. That data was turned over AIQ for microtargeting. https://www.theguardian.com/world/2020/may/04/vote-leave-ai-firm-wins-seven-government-contracts-in-18-months">https://www.theguardian.com/world/202...

Vote Leave AI firm wins seven government contracts in 18 months

Tory minister is resisting calls to sell stake in Faculty as it expands its Whitehall reach

https://www.theguardian.com/world/2020/may/04/vote-leave-ai-firm-wins-seven-government-contracts-in-18-months

4/ After Brexit, Cummings boasted on his blog how ‘physicists’ had won it for Leave.

What was the role was of
Faculty AI / ASI?

Since Cummings refused to appear before a parliamentary committee we don’t know.

In December 2019, Ben Warner joined No.10. https://www.thetimes.co.uk/article/leave-campaigns-data-geek-joins-no-10-3klj3566j">https://www.thetimes.co.uk/article/l...

Leave campaign’s data geek joins No 10

Boris Johnson is to ask a data expert who helped win the general election and EU referendum to modernise the machinery of power — after he predicted the election result to within one seat.Ben Warner

https://www.thetimes.co.uk/article/leave-campaigns-data-geek-joins-no-10-3klj3566j

5/. Govt contracts with Faculty & Palantir reveal an “unprecedented” transfer of personal information of millions of NHS users to private tech firms

They were originally granted intellectual property rights & allowed to profit off their access to NHS data https://www.opendemocracy.net/en/under-pressure-uk-government-releases-nhs-covid-data-deals-big-tech/">https://www.opendemocracy.net/en/under-...

Under pressure, UK government releases NHS COVID data deals with big tech

Hours before openDemocracy was due to sue, government releases massive data-sharing contracts with Amazon, Microsoft, Google, Faculty and Palantir.

https://www.opendemocracy.net/en/under-pressure-uk-government-releases-nhs-covid-data-deals-big-tech/

6/. In June it was reported that a £400,000 contract awarded directly to Faculty AI will allow them to analyse social media data, utility bills & credit rating scores.

Full details are unknown because the published contract was partly redacted. #COVID19 https://www.theguardian.com/technology/2020/jun/02/ai-firm-that-worked-with-vote-leave-wins-new-coronavirus-contract">https://www.theguardian.com/technolog...

AI firm that worked with Vote Leave given new coronavirus contract

Deal may allow Faculty, linked to senior Tory figures, to analyse social media data, utility bills and credit ratings

https://www.theguardian.com/technology/2020/jun/02/ai-firm-that-worked-with-vote-leave-wins-new-coronavirus-contract

7/. In April, leaked documents revealed US big data firm Palantir & Faculty are building an unprecedented patient database & that the govt apparently used Palantir’s & NHS patient data to model #HerdImmunity a week after the policy was supposedly dropped. https://www.theguardian.com/world/2020/apr/12/uk-government-using-confidential-patient-data-in-coronavirus-response">https://www.theguardian.com/world/202...

UK government using confidential patient data in coronavirus response

Exclusive: Documents seen by Guardian show tech firms using information to build ‘Covid-19 datastore’

https://www.theguardian.com/world/2020/apr/12/uk-government-using-confidential-patient-data-in-coronavirus-response

8/. Faculty claimed they won the contract by competitive tender but NHS England say this wasn’t the case.

Faculty & Palantir “didn’t need to bid” because of pre-existing contracts from Aug 2019 (just after Cummings entered No.10) for a £250m NHS contract. https://bylinetimes.com/2020/04/22/palantir-coronavirus-contract-did-not-go-to-competitive-tender/">https://bylinetimes.com/2020/04/2...

Palantir Coronavirus Contract Did Not Go to Competitive Tender – Byline Times

David Hencke reveals that the UK Government's COVID-19 contract with the data surveillance firm owned by Donald Trump-backer Peter Thiel was approved under an obscure statutory instrument.

https://bylinetimes.com/2020/04/22/palantir-coronavirus-contract-did-not-go-to-competitive-tender/

9/ “The shadowy data-mining firm Palantir, whose technology has powered some of the most nefarious immigration abuses, is now collecting troves of health data about all of us.” @AmnestyTech

Cambridge Analytica & Palantir collaborated, says @chrisinsilico. https://www.washingtonpost.com/opinions/2020/05/21/why-are-we-trusting-company-with-ties-ice-intelligence-agencies-collect-our-health-information/">https://www.washingtonpost.com/opinions/...

Opinion | Why are we trusting a company with ties to ICE and intelligence agencies to collect our...

Without adequate protections, we run the risk of massive, ongoing government surveillance of all Americans in the name of public health.

https://www.washingtonpost.com/opinions/2020/05/21/why-are-we-trusting-company-with-ties-ice-intelligence-agencies-collect-our-health-information/

10/. Palantir is named after a device in Lord of the Rings that allows characters to omnisciently see anything.

Their contract for a "Covid Data Store" permits processing data including:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">racial origin

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">political affiliations

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https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts">mental health info

10/. Palantir is named after a device in Lord of the Rings that allows characters to omnisciently see anything.Their contract for a "Covid Data Store" permits processing data including:https://abs.twimg.com/emoji/v2/... draggable=

11/ Last week Palantir was in the news when it was reported it’s filed to go public. It’s unclear if it intends a direct listing or a traditional IPO, but the timing is interesting.

So what do we know about Palantir & it’s right-wing founder, Peter Thiel? https://www.vice.com/en_us/article/9kx4z8/revealed-this-is-palantirs-top-secret-user-manual-for-cops">https://www.vice.com/en_us/art...

Revealed: This Is Palantir’s Top-Secret User Manual for Cops

Motherboard obtained a Palantir user manual through a public records request, and it gives unprecedented insight into how the company logs and tracks individuals.

https://www.vice.com/en_us/article/9kx4z8/revealed-this-is-palantirs-top-secret-user-manual-for-cops

12/. “The vast increase in welfare beneficiaries & the extension of the franchise to women have rendered the notion of ‘capitalist democracy’ an oxymoron.” (Peter Thiel, 2009)

White supremacist Curtis Yarvin wrote Peter Thiel is “fully enlightened, just plays it very carefully.”

13/. This 2017 article by @samfbiddle shows the instrumental role Palantir had in facilitating invasive, rights-violating surveillance.

Imagine what they could do with sensitive health data or even DNA mapping & genome sequencing for entire populations. https://theintercept.com/2017/02/22/how-peter-thiels-palantir-helped-the-nsa-spy-on-the-whole-world/">https://theintercept.com/2017/02/2...

How Peter Thiel’s Palantir Helped the NSA Spy on the Whole World

Documents provided by NSA whistleblower Edward Snowden reveal Palantir’s role in creating the U.S. government’s international spy machine.

https://theintercept.com/2017/02/22/how-peter-thiels-palantir-helped-the-nsa-spy-on-the-whole-world/

14/. Palantir is building the "Protect Now" #COVID digital platform for the US Dept of Health as well as one for the NHS.

Palantir are reportedly only charging the UK govt £1 for the work which begs the question: "What are they getting out of it?"

The answer, no doubt, is data.

15/. Big Tech mine & sell our data, but the new frontier - worth billions - lies not in our consumer behaviour, but in our biological selves.

As James Watson, who discovered the structure of DNA said: Our fates lie in our genes and not in the stars.

But who controls that fate?

16/. The idea of sequencing the genomes of millions of people for medical & scientific use isn& #39;t new.

In 2012, a US biotech firm paid $415 million for a company to get access to the genetic data of the entire population of Iceland where conditions for genetic research are ideal.

17/. This might sound like the realms of science fiction, but it& #39;s not.

Today, @amnesty& #39;s @TanyaOCarroll reveals how - working with govts - Big Tech firms are using the #COVID19 crisis to obliterate a last frontier of our privacy: Our biological selves. https://www.newsweek.com/biological-privacy-big-tech-tracing-coronavirus-1517576">https://www.newsweek.com/biologica...

The pandemic could obliterate a last frontier in our privacy: our biological selves | Opinion

The urgency of tracking coronavirus carriers calls for relaxing rules on data privacy. But unless these changes are ringfenced for this emergency, every aspect of our physical lives could soon be...

https://www.newsweek.com/biological-privacy-big-tech-tracing-coronavirus-1517576

18/. The @AmnestyTech article warns that #Covid19 presents an unprecedented opportunity for tech companies to get their hands on vast swathes of health data.

But once "bio-invasive surveillance" becomes the new norm, our privacy will be entirely lost. https://www.amnesty.org/en/latest/news/2020/07/will-the-coronavirus-pandemic-obliterate-a-last-frontier-in-our-privacy-our-biological-selves/">https://www.amnesty.org/en/latest...

Will the coronavirus pandemic obliterate a last frontier in our privacy: our biological selves?

Will the coronavirus pandemic obliterate a last frontier in our privacy our biological selves

https://www.amnesty.org/en/latest/news/2020/07/will-the-coronavirus-pandemic-obliterate-a-last-frontier-in-our-privacy-our-biological-selves/

19/. Health data in US & UK is governed by strict data privacy rules but - by partnering with govts - companies can walk away with lucrative AI models.

Legally, they cannot retain direct patient records, worth billions.

This helps explain why Palantir, are working for just £1.

20/. The article concludes: "It is now clear that continuous high-levels of population-scale testing will be necessary if we are to co-exist with #coronavirus out-of-lockdown. But people need to be able to trust that when they take a #COVID19 test, that their data is protected."

21/. “Population-scale testing” may seem like a distant ambition in UK & US where a functioning #COVID19 test & trace system is still not in place.

But, it is not.

In April, it was reported that 50 million British-developed anti-body test kits had been ordered by the UK govt.

22/. In April, the PM announced that the govt was setting up a rapid testing consortium (UK-RTC) to provide fast, accurate pregnancy-style home test kits for #Covid19 antibodies.

The test would be a "gamechanger" allowing people to test in of 15 minutes in from their own home.

23/. Last week, @campbellclaret who is taking part in the trials posted this picture of the pin-prick, cartridge test.

50 million tests will be enough for every adult in the country.

Each test will have a barcode (QR code) that is scanned & uploaded to the NHSX platform.

24/. Data protection might not feel like a priority in a crisis but with population-wide testing possibly imminent, we should heed @amnesty& #39;s @TanyaOCarroll warning:

"If we fail to protect our health data, we will be living with the consequences long after the pandemic is over."

25/. As @NafeezAhmed notes, the role of genetics in disease is becoming an ever greater focus for the govt.

The aspiration of the NHS Genomic Medicine Service is that “from 2020 & by 2025, genomic medicine will be an embedded part of routine care”. #COVID https://bylinetimes.com/2020/05/14/whitehall-analytica-the-ai-superstate-part-2-is-covid-19-fast-tracking-a-eugenics-inspired-genomics-programme-in-the-nhs/">https://bylinetimes.com/2020/05/1...

WHITEHALL ANALYTICA – THE AI SUPERSTATE: Part 2 – Is COVID-19 Fast-Tracking a Eugenics-Inspired...

Nafeez Ahmed explores the troubling implications and assumptions of the Government's AI-driven gene programme

https://bylinetimes.com/2020/05/14/whitehall-analytica-the-ai-superstate-part-2-is-covid-19-fast-tracking-a-eugenics-inspired-genomics-programme-in-the-nhs/

26/. “Cummings is an enthusiast for big tech, AI, ‘evolutionary economists’ & some of the more extreme genetic determinists associated with the ‘Bay Area Rationalists’ – a group of right-wing ‘techno libertarians’ that include Peter Thiel” says @peterjukes
https://bylinetimes.com/2020/05/28/five-things-dominic-cummings-could-have-over-boris-johnson/">https://bylinetimes.com/2020/05/2...

27/. In his Feb 2019 blog, Cummings seems to view the NHS genomics prediction programme as a mechanism to provide Britain with “natural advantages” over other countries.

Is this what is being echoed in the PM’s 3/2 “Britain as Superman” #GreenwichSpeech? https://twitter.com/StefSimanowitz/status/1279377528759685120">https://twitter.com/StefSiman...

https://twitter.com/StefSimanowitz/status/1279377528759685120

28/. The 2014 book Genes, Cells & Brains, talks about "the mushroom-like growth of trans-humanist institutes & research programs, financed by & #39;visionary philanthropists& #39; dreaming of a positive eugenics for the 21st century. Among the most prominent is SENS funded by Peter Thiel.”

29/ "In March, @BorisJohnson held a meeting with big tech firms & healthcare players. He then granted access to millions of UK health data records to Amazon, Microsoft, Google & Palantir to build a COVID datastore aggregating data, including testing data." https://twitter.com/StefSimanowitz/status/1283017971057795074">https://twitter.com/StefSiman...

https://twitter.com/StefSimanowitz/status/1283017971057795074

30/. "Bio-invasive surveillance capitalism" (©)

Last year, @amnesty warned the “surveillance-based business model” poses an unprecedented threat to human rights, forcing people to give up intimate data in order to access the benefits of the modern world. https://www.amnesty.org/en/latest/news/2019/11/google-facebook-surveillance-privacy/">https://www.amnesty.org/en/latest...

Facebook and Google’s pervasive surveillance of billions of people is a systemic threat to human...

There needs to be a radical transformation of Facebook and Google's surveillance business model as it poses a systemic threat to human rights,

https://www.amnesty.org/en/latest/news/2019/11/google-facebook-surveillance-privacy/

31/. UK govt stopped giving out data on numbers tested almost 2 months ago. Palantir run NHS’s digital platform

US govt have made much of their #COVID data inaccessible since HHS (health service) took over the CDC data

Palantir run HHS’s digital platform https://www.vox.com/recode/2020/7/16/21323458/palantir-ipo-hhs-protect-peter-thiel-cia-intelligence">https://www.vox.com/recode/20...

https://www.votwitter.com/recode/2020/7/16/21323458/palantir-ipo-hhs-protect-peter-thiel-cia-intelligence

Everything you need to know about Palantir, the secretive company coming for all your data

How Palantir and Peter Thiel might lead the biggest tech IPO of the year.

https://www.votwitter.com/recode/2020/7/16/21323458/palantir-ipo-hhs-protect-peter-thiel-cia-intelligence

32/. Last week the Trump admin ordered hospitals to bypass the CDC & send key #coronavirus information to a Washington database run by the shadowy surveillance company, Palantir

@nytimes said it had alarmed health officials.

It should alarm us all!
http://nyti.ms/3esGHK6 ">https://nyti.ms/3esGHK6&q...

33/ Just as Cummings is determined bring science closer to govt, the US& #39;s National Science Foundation (NSF) is getting a remake

Palantir are lobbing on the new Directorate of Tech which will be contained in the new NSF, registering $450k in lobbying ystdy https://www.sciencemag.org/news/2020/05/us-lawmakers-unveil-bold-100-billion-plan-remake-nsf">https://www.sciencemag.org/news/2020...

U.S. lawmakers unveil bold $100 billion plan to remake NSF

Agency would get a huge technology research arm and a new name

https://www.sciencemag.org/news/2020/05/us-lawmakers-unveil-bold-100-billion-plan-remake-nsf

34/. In the UK, the NHSX contract that #Palantir was paid £1 for, has leapt to £1 million for a four-month extension!

"Who knows what the next round will cost? Is this system really temporary or the start of something more permanent?" asks @cori_crider. https://www.opendemocracy.net/en/opendemocracyuk/it-started-as-1-now-its-1-million-wheres-the-mandate-for-letting-palantir-into-our-nhs/">https://www.opendemocracy.net/en/opende...

It started as £1. Now it’s £1 million. Where’s the mandate for letting Palantir into our NHS?

Big Tech firms are getting their feet further under the NHS's table, with very little accountability.

https://www.opendemocracy.net/en/opendemocracyuk/it-started-as-1-now-its-1-million-wheres-the-mandate-for-letting-palantir-into-our-nhs/

35/. A source close to the NHSX project - being done alongside the AI company that worked on Vote Leave - told @NewStatesman& #39;s @oscwilliams that #Palantir would be well placed to continue providing the service after the coronavirus outbreak ends. #COVID19 https://tech.newstatesman.com/coronavirus/palantir-covid19-datastore-coronavirus">https://tech.newstatesman.com/coronavir...

Palantir's NHS data project "may outlive coronavirus crisis" - NS Tech

An ambitious initiative to forecast demand on NHS services at both a local and national level is likely to outlive the coronavirus pandemic, according to two sources close to the project. The...

https://tech.newstatesman.com/coronavirus/palantir-covid19-datastore-coronavirus

36/. As well as being central to the #HerdImmunityScandal, the #PalantirScandal also overlaps with the #ContractsScandal.

By awarding Palantir the initial contract without competitive tender, would make it easiler to grant a £1 million contract extension. https://www.cnbc.com/2020/07/16/peter-thiel-palantir-nhs-deal.html">https://www.cnbc.com/2020/07/1...

Peter Thiel's Palantir charges NHS England £1 million for coronavirus 'data store'

Britain's NHS is giving Peter Thiel's Palantir £1 million to process sensitive medical records of Covid-19 patients.

https://www.cnbc.com/2020/07/16/peter-thiel-palantir-nhs-deal.html

37/. Writing this month, @moiragweigel notes that Palantir& #39;s co-founder, Peter Thiel, "donated $1m to the Defeat Crooked Hillary campaign backed by Robert Mercer & overseen by Steve Bannon.

Mercer & Bannon are the main kingpins behind Cambridge Analytica.
https://www.boundary2.org/2020/07/moira-weigel-palantir-goes-to-the-frankfurt-school/">https://www.boundary2.org/2020/07/m...

38/. Last week, @amnesty wrote how “people need to be able to trust that when they take a COVID19 test, that their data is protected."

The NHS is perhaps the most trusted institution in the UK. In the US, the HHS commands high levels of respect.

Palantir & Faculty, not so much.

39/. In 2019, Palantir was employing 550 staff in its London office: more than in its US headquarters.

The name comes from Tolkien’s “palantíri”, magical orbs that allow the possessor to see anything happening in the world...like a "Super Forecaster". #7413a81c44d5">https://www.forbes.com/sites/samshead/2019/06/11/peter-thiels-palantir-now-employs-more-people-in-london-than-it-does-in-silicon-valley-hq/ #7413a81c44d5">https://www.forbes.com/sites/sam...

Peter Thiel's Palantir Now Employs More People In London Than It Does In Silicon Valley HQ

Palantir, the controversial data mining firm cofounded by billionaire Peter Thiel, now employs more people in London than at its U.S. headquarters.

https://www.forbes.com/sites/samshead/2019/06/11/peter-thiels-palantir-now-employs-more-people-in-london-than-it-does-in-silicon-valley-hq/#7413a81c44d5

40/. "Data protection might not feel like a priority in a crisis, but we will be living with the consequences long after the pandemic is over if we fail to draw a protective line around our health data now."

@AmnestyTech article in @ScotNational today. https://www.thenational.scot/news/18598817.covid-19-crisis-threaten-right-privacy/">https://www.thenational.scot/news/1859...

How the Covid-19 crisis could threaten our right to privacy

SINCE the start of the pandemic, an army of companies - from the Big Tech players down to start-ups most of us haven’t heard of yet - rushed to be…

https://www.thenational.scot/news/18598817.covid-19-crisis-threaten-right-privacy/

41/. The article is an updated version of the one published 10 days ago.

Since then, Palantir has been in the news, with its announcement that it had filed to go public & with controversial developments around its multi-million $ #COVID19 work with the NHS in UK & the HHS in US.

42 - Newly seen US procurement records reveal #Palantir was awarded govt contracts worth +$42m on pandemic response.

Although the HHS has said the data will remain anonymous, @FaizaPatelBCJ of @BrennanCenter warns said data can be de-anonymized, too. https://www.nbcnews.com/tech/tech-news/palantir-s-pandemic-contracts-stir-concern-ahead-ipo-n1234537">https://www.nbcnews.com/tech/tech...

Palantir's pandemic contracts stir concern ahead of IPO

Federal procurement records reviewed by NBC News show that Palantir has been awarded pandemic response contracts worth more than $42 million.

https://www.nbcnews.com/tech/tech-news/palantir-s-pandemic-contracts-stir-concern-ahead-ipo-n1234537

43 - In a letter, more than 30 members of Congress, including @ewarren & @JulianCastro, called for greater transparency on how Palantir will use HHS data & guarantees that it will be kept anonymised. In 2017/18 Palantir’s data helped aid ICE deportations.
https://www.washingtonpost.com/technology/2020/07/01/warren-hhs-data-collection/">https://www.washingtonpost.com/technolog...

44 - As with the NHS, #Palantir was awarded the HHS contracts without tendering

They are rprtdly aiding national COVID responses in over a DOZEN countries, including Greece, Austria, Spain & Canada.

They also claim to be in talks with “several dozen” countries around the world.

45 - Palantir is also making its software available for free to govts.

This wouldn’t be the 1st time Palantir offered its services for free, e.g. in New Orleans, they deployed a predictive policing system that even city council members didn’t know about.

46 - In January, @Slate published a list of "the most dangerous tech companies in the world".

They had polled journalists, academics, advocates etc. & drew up a list of 30 companies.

#Palantir came fourth!
1. Amazon
2. Facebook
3. Alphabet
4. Palantir #click=https://t.co/9Ee9myiyyH">https://slate.com/technology/2020/01/evil-list-tech-companies-dangerous-amazon-facebook-google-palantir.amp #click=https://t.co/9Ee9myiyyH">https://slate.com/technolog...

Which Tech Company Is Really the Most Evil?

https://slate.com/technology/2020/01/evil-list-tech-companies-dangerous-amazon-facebook-google-palantir.amp#click=https://t.co/9Ee9myiyyH

47 - “We’ve arranged a society based on science & technology, in which nobody understands anything about science & technology. This combustible mixture of ignorance & power, sooner or later, is going to blow up in our faces.” (Carl Sagan,1996)

I fear it is blowing up right now.

48 - In the interests of journalistic impartiality, please see #Palantir& #39;s statement on privacy & civil liberties.

It finishes by saying: "The end goal should be... incorporating technical capabilities that can support responsible data handling policies.” https://www.palantir.com/pcl/ ">https://www.palantir.com/pcl/"...

Privacy & Civil Liberties Engineering

Palantir builds software that connects data, technologies, humans and environments.

https://www.palantir.com/pcl/

49 - Here is the $7.5 million contract between #Palantir & US govt to build the platform for the Dept of Health (HHS):
"Palantir HHS Protect Platform Services".

A search on "HHS Protect" shows one result (i.e. no one else worked it). Via @WendySiegelman
https://www.fpds.gov/ezsearch/fpdsportal?indexName=awardfull&templateName=1.5.1&s=FPDS.GOV&q=HHS+protect&x=25&y=6">https://www.fpds.gov/ezsearch/...

This is another essential thread about #Palantir showing the parallels btw their work in the US & in the UK

According to @ConMijente, in the 4 years since #PeterThiel helped Trump get elected, Palantir have received +$1bn in gov contracts

Sound familiar? https://twitter.com/StefSimanowitz/status/1286946529446699008">https://twitter.com/StefSiman...

https://twitter.com/StefSimanowitz/status/1286946529446699008

Palantir goes public on Weds, 23/9

It won’t launch a traditional IPO (initial public offering) but will list directly on NY Exchange

IPOs typically involve selling shares via underwriters

In a direct listing, existing holders sell shares on the exchange https://www.google.co.uk/amp/s/www.fool.com/amp/investing/2020/09/19/controversial-data-company-palantir-goes-public-ne/">https://www.google.co.uk/amp/s/www...

Controversial Data Company Palantir Goes Public Next Week: What You Need to Know @themotleyfool...

The Peter Thiel-backed company that serves spy agencies, among other customers, isn't taking the normal route to go public.

https://www.google.co.uk/amp/s/www.fool.com/amp/investing/2020/09/19/controversial-data-company-palantir-goes-public-ne/

Palantir lost $580 million in 2019 according to @kateconger & @eringriffith in @nytimes.

@profgalloway notes that 17 after it was set up “& after raising $3 billion, the #Palantir has never made money”.
#BioInvasiveSureveillanceCapitalism #PalantirIPO https://www.nytimes.com/2020/08/21/technology/palantir-ipo-580-million-loss.html">https://www.nytimes.com/2020/08/2...

Palantir, Tech’s Next Big I.P.O., Lost $580 Million in 2019

The Silicon Valley company could be the next in a string of tech outfits to go public long before they have turned a profit.

https://www.nytimes.com/2020/08/21/technology/palantir-ipo-580-million-loss.html

Palantir said in its third updated prospectus that it has 2.17 billion fully diluted shares, including over 250 million options & restricted stock units that haven& #39;t vested

#Palantir’s valuation could thus be well over $20 billion. #PalantirIPO https://www.cnbc.com/2020/09/14/palantir-discloses-diluted-share-count-suggesting-higher-valuation.html">https://www.cnbc.com/2020/09/1...

Palantir discloses diluted share count, suggesting valuation north of $20 billion at high end

Palantir waited until its third updated prospectus to disclose a fully diluted share count, which lifts the valuation.

https://www.cnbc.com/2020/09/14/palantir-discloses-diluted-share-count-suggesting-higher-valuation.html

According to early Facebook investor, Roger McNamee (aka @Moonalice):

“Palantir exists to allow law enforcement to investigate citizens without obtaining a warrant...The business model of #Palantir undermines civil rights.” (via @profgalloway)

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