The most overvalued stock on Earth may be that of Palantir, the corporate Big Brother that is getting huge contracts from the Trump administration and helps the US government wage war and carry out mass surveillance. Executives have been selling billions of dollars worth of shares, yet CEO Alex Karp attacks short-sellers like “Big Short” investor Michael Burry, claiming they’re “crazy” for thinking the company is in a bubble. Ben Norton explains.
Topics
0:00 Financial bubbles
0:31 AI bubble
1:01 Palantir
1:35 Investors short Palantir stock
1:58 (CLIP) CEO Alex Karp attacks short sellers
2:10 Targeting retail investors
2:23 (CLIP) CEO Alex Karp is “triggered”
3:13 Palantir executives sell shares
4:58 Financialized US economy
5:27 Trump admin contracts with Palantir
5:57 Mass surveillance
6:28 Preparing for war on China, Russia, Iran
6:54 Most revenue is from governments
7:32 Palantir stock price
8:20 Insane price-to-earnings (P/E) ratio
10:28 Is the bubble popping?
10:45 Michael Burry: “Big Short” investor
11:14 US housing bubble & financial crisis
12:11 Michael Burry shorts Palantir
12:31 (CLIP) Alex Karp: short sellers are “crazy”
12:40 CEO Alex Karp’s emotional rant
13:01 (CLIP) Attacks “wokeness” & Zohran Mamdani
13:27 “Anti-woke” CEO is “triggered”
13:45 (CLIP) Alex Karp: why do they pick on us?
14:12 Delusions of grandeur
14:26 (CLIP) “Most important software company”
15:03 War on the short sellers
15:22 (CLIP) Alex Karp: “make them poorer”
15:41 Palantir executives sell their shares
16:28 Alex Karp sold $96 million
16:40 Shyam Sankar sold $37 million
17:32 Stephen Cohen sold $66 million
17:59 David Glazer sold $4 million
18:18 Ryan Taylor sold $4 million
18:33 Palantir execs keep selling shares
19:17 Alex Karp sold $1.9 billion in shares
20:04 Telling retail to invest in Palantir
20:49 (CLIP) “Experts vs retail”
21:27 Cynical exploitation
22:28 Outro