Palantir Co-Founder Joe Lonsdale Backs Elon Musk's Twitter Acquisition, Saying If He Had Not Bought It Then 'The Entire West Would Be At 10x The Threat'
Portfolio Pulse from Ananya Gairola
Palantir co-founder Joe Lonsdale supports Elon Musk's acquisition of Twitter, now X, emphasizing its importance for free speech. Despite revenue declines due to brand withdrawals, Lonsdale criticizes the coordination against X. Meanwhile, Palantir shares hit a 52-week high after securing a $99.8 million U.S. Army contract.
September 20, 2024 | 6:18 am
News sentiment analysis
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NEGATIVE IMPACT
Concerns arise among Tesla investors about potential stock sales by Musk to cover financial gaps at X, following a significant revenue drop.
The drastic revenue decline at X raises concerns that Musk might sell Tesla shares to cover financial gaps, potentially impacting Tesla's stock price negatively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Palantir shares reached a 52-week high following a new $99.8 million contract with the U.S. Army, indicating strong business momentum.
The new contract with the U.S. Army is a significant business win for Palantir, likely boosting investor confidence and driving the stock to a 52-week high.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80