Palantir Co-Founder Joe Lonsdale Supports Historic Antitrust Ruling Against Google, But Accuses FTC Chair Lina Khan Of Being Radical: 'She's A Bully'
Portfolio Pulse from Ananya Gairola
Palantir Technologies Inc. co-founder Joe Lonsdale supports the antitrust ruling against Google but criticizes FTC Chair Lina Khan. Lonsdale calls for more regulations to prevent big tech monopolies. Palantir expanded its partnership with Microsoft and reported strong Q2 revenue growth.
August 09, 2024 | 10:45 am
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NEGATIVE IMPACT
Google faces a historic antitrust ruling, supported by Palantir's co-founder Joe Lonsdale, who calls for more regulations to prevent monopolistic practices.
The antitrust ruling against Google and calls for more regulations could negatively impact the stock in the short term due to increased regulatory scrutiny.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80
NEGATIVE IMPACT
Google faces a historic antitrust ruling, supported by Palantir's co-founder Joe Lonsdale, who calls for more regulations to prevent monopolistic practices.
The antitrust ruling against Google and calls for more regulations could negatively impact the stock in the short term due to increased regulatory scrutiny.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Palantir expanded its partnership with Microsoft to deliver AI and analytics capabilities to the U.S. Defense and Intelligence Community.
The expansion of the partnership with Palantir to deliver AI and analytics capabilities to the U.S. Defense and Intelligence Community is a positive development for Microsoft.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Palantir co-founder Joe Lonsdale supports antitrust ruling against Google and criticizes FTC Chair Lina Khan. Palantir expanded its partnership with Microsoft and reported a 27% YoY increase in Q2 revenue.
The support for antitrust ruling and criticism of FTC Chair may attract attention to Palantir's stance on big tech regulation. The expansion of partnership with Microsoft and strong Q2 revenue growth are positive indicators for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100