Shouldn’t have taken this long for the market to turn on Palantir

@hacks4pancakes

"The market" is a lie.
'Market makers' are the ones who set the prices.

@hacks4pancakes wait, wait!
Is there good news I'm anaware of?

@n_dimension @hacks4pancakes it is called in marketing terms "The invisible hand"
Even in Crypto markets this term is well known.
They call it The invisible hand of the market.
In earlier terms it was Schwalbe? With his invisible hand of God. It's Adam Smith

@hacks4pancakes I'm more interested in what @EUCommission does.

@hacks4pancakes Not in UK yet sadly. We're still piling in despite disquiet of citizens.

@hacks4pancakes what's even more rankling is that "buy the dip" will continue to be a winning strategy... even when it's Palantir we're talking about...

@hacks4pancakes Its pe ratio is 208! That's insane. Now let's do Tesla; pe ratio 328. (For those not familiar, right now pe in the 20s is typical. pe means price to earnings)

@hacks4pancakes IKR?

Most people: What does Palantir do?

Us: They collect data, ALL the data. They try to watch everything. They are building a Panopticon that has zero respect for privacy. Their CEO has stated that privacy no longer matters.

Most people: Oh..... that's nice.

@hacks4pancakes They literally named their company after a mythical device that was used to corrupt the mind and motivations of the leader of the most divine entities in the mortal world. It's like they realized "Torment Nexus" and "Guinea Worm" were already taken, so they went with their third choice.

@nuintari @hacks4pancakes worse: "Oh. Wanna see this thing I found on tiktok?"

@hacks4pancakes there is morality and logic, then there’s the Market, and never the twain shall meet.

@n_dimension @hacks4pancakes Sort of. There are ways to value companies and their share price, but the likes of Palantir or Tesla are mostly traded on hype (read: lies). They are the Simpsons Monorail of companies.

@hacks4pancakes shouldn’t have but also far from surprised.

@hacks4pancakes I'm pleasantly surprised the market has turned on them at all! One of the "fun" traits of the stock market is that if you show up with an openly evil but effective business plan, investors will open their wallets and say "that sounds like a stock that's going up!"