"For Palantir, the "Republik" reporting came at an inopportune time.
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"For Palantir, the "Republik" reporting came at an inopportune time. This is because important procurement decisions are currently being made in several business areas in many European countries: the modernization and expansion of military, intelligence, and secret services, as well as police authorities, would be a promising business for Palantir and its software, which is also helpful for official surveillance.
In its home market, the USA, the company does business with US federal authorities for about a quarter of a billion US dollars, according to transparency data approximately a quarter of a billion US dollars. Customers include the US Department of Defense, the Army, and the FBI. The company reports nearly 4.5 billion US dollars in revenue for 2025, about a tenth of SAP's annual revenue. And yet, Palantir is valued on the stock market at around 300 billion euros, while SAP comes in at around 200 billion.
Palantir strongly rejects the impression that a multi-billion dollar company is flexing its muscles against a small magazine: Any accusation that this is a strategic attempt to intimidate unfavorable reporting through legal action is unfounded, the company spokeswoman emphasizes: "Palantir merely seeks the publication of a concise and appropriate counterstatement to correct significant inaccuracies."
However, the company does not disclose what specific "significant inaccuracies" Palantir wants to see corrected. Palantir did not respond to a request to send the "corrections" specifically demanded by "Republik" by Friday afternoon.
Whether the company will achieve at least partial success with its approach in court is hardly predictable. The Swiss right to a counterstatement involves no examination by the court whether a statement was actually correct. This is why it is a frequently used form in the Swiss media world when companies feel they have been misrepresented."
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