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Secretive $20 billion startup Palantir is buying $225 million of stock back from employees

Secretive $20 billion startup Palantir is buying $225 million of stock back from employees

  • Secretive data-mining startup Palantir is buying $225 million of stock back from its employees at $7.40 per share, reports BuzzFeed .
  • It’s not known what Palantir plans on doing with the shares that it purchases from employees, although the plan with the last buyback was to sell that equity to outside investment firms.
  • Going up to $7.40 per share is a sign that Palantir believes that it’s on the right track, and it’s paying employees a premium on their stock options to prove it.
  • Palantir’s cofounder and a famed investor, Joe Lonsdale, disputed the report , saying that while turnover is up, it’s no higher than tech-industry norms.
  • That means that any employees, past or present, who held on to their shares are eligible for heftier paydays.

Read the full article, click here.


@businessinsider: “Secretive $20 billion startup Palantir is buying $225 million of stock back from employees”


Investment firms like Morgan Stanley, Transamerica, and Fidelity value their Palantir shares at $5.92, while Valic goes as low as $3.79.


Secretive $20 billion startup Palantir is buying $225 million of stock back from employees

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