Palantir CEO Alex Karp says short sellers ‘love pulling down companies’ to pay for their cocaine habit
NY Post
The chief executive of software company Palantir blasted short sellers on Wall Street, saying that “nothing makes a human happier than taking the lines of cocaine away” from people who “just love pulling down great American companies.”
“I love burning the short sellers,” Alex Karp told CNBC on Wednesday.
“Almost nothing makes a human happier than taking the lines of cocaine away from these short sellers, who like, are going short on a truly great American company. Not just ours, but just love pulling down great American companies so they can pay for their coke.”
Karp made the comments just weeks after his company’s stock price surged on news that Palantir won a $178 million contract from the US Army to equip its Tactical Intelligence Targeting Access Node (TITAN) ground station with data fusion and AI-powered deep-sensing capabilities.
Palantir, co-founded by Karp and billionaire venture capitalist Peter Thiel, has seen its share price soar by more than 50% since the start of the year.
The company stock was trading at $25 a share before Thursday’s opening bell.
