“It’s a retail darling… I like Alex Karp, I like his politics, I like him as a person… But even if Palantir was the greatest company ever created and you slapped the highest possible multiple on it, the stock is still trading above that. It has gotten absurd.” https://www.benzinga.com/trading-ideas/short-ideas/25/08/47107749/gamestop-short-seller-andrew-left-is-taking-on-retail-investors-again-now-says-palantir-stock-is-beyond-overvalued
“You cannot be a big data company telling investors to ignore big data… No company with a multiple or PE like this has ever avoided a 50% correction.” https://www.morningstar.com/news/marketwatch/20250814129/clash-of-the-titans-the-hottest-momentum-stock-meets-the-most-notorious-short-seller
Palantir just posted a monster quarter. $1.004B in revenue versus $939.71M estimate. 140% year over year growth in total contract value. 66 deals over $5M. 42 over $10M. https://wccftech.com/can-citron-researchs-andrew-left-outlast-palantirs-irrational-bubble/
The problem is not the business, it is the price. 242x forward earnings. 137x sales. Retail calls it mission critical. Left calls it delusional. He is not betting on fraud. He is betting on gravity. Databricks IPO is coming. More customers, similar revenue.
Left’s timing is brutal. He launched the short right after a record quarter. $1B revenue. 140% TCV growth. 48% Q2 surge. Still, he is short. He is not calling the top, he is calling the bluff. Retail is in love. Left is in court. SEC trial in March. He is swinging anyway. Because sometimes the iceberg wins.