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The CEO of Palantir, Alex Karp, has been making controversial statements about short sellers, accusing them of being cocaine addicts and unpatriotic. Critics are skeptical of CEOs who blame short sellers, with some pointing out insider selling. Karp's behavior has raised concerns about the company's credibility, with Peter Thiel recently selling $175 million of his $3.4 billion Palantir stake.
Peter Thiel sells $175 million of his $3.4 billion $PLTR stake for the first time in 2 years... Funny timing after the CEO Alex Karp's short sellers need profits to buy coke speech...it looked like Karp himself was high during that embarrassing tirade! https://t.co/vAg1SOyAAz
Via @GrantsPub CEO's going after short-sellers is always a huge red flag. Meanwhile, insiders are dumping. $PLTR https://t.co/F1iHm9XT5S I have no position. Just eyes and somewhat of a memory. https://t.co/xMlJOCWoKd
Via @GrantsPub CEO's going after short-sellers is always a huge red flag. Meanwhile, insiders are dumping. $PLTR https://t.co/F1iHm9XT5S https://t.co/VvGYq69dCt