
A 'Giggity' Fortune Dumped!
Good heavens have you heard? Alex Karp the grand poobah of Palantir has decided to lighten his load by selling over $50 million worth of shares. That's right folks it's raining money in Quahog except it's all going into Karp's pockets! Apparently this occurred on Tuesday and Wednesday with shares trading between $125.26 and $127.70. I mean really couldn't he have waited for them to hit $130? Amateur.
The Plot Thickens or Rather Thins Out!
Now before you start sharpening your pitchforks apparently these weren't just some random acts of greed. The filings state these were 'automatic share sales' to cover those pesky tax withholding obligations. You know the ones that even a diabolical genius like myself can't seem to avoid. But let's be honest who among us hasn't used taxes as an excuse to pad our offshore accounts? Eh Brian?
It's a Conspiracy! I Know It!
It wasn't just Karp mind you. Shyam Sankar the Chief Technology Officer offloaded about $21 million. And Stephen Cohen the co founder and president dumped a whopping $43.5 million. It's a regular fire sale over there! Makes one wonder if they know something we don't. Perhaps they've finally realized that AI is just a fancy way to say 'Skynet is coming'? Oh dear have I said too much?
But Wait There's More! (And It's Confusing)
Despite this exodus of shares Palantir has been strutting around like Peter at a nude convention hitting fresh highs and even surpassing Salesforce in market value. All thanks to the AI craze and those lucrative government contracts. Apparently aligning oneself with the Trump administration's Department of Government Efficiency spearheaded by that blithering buffoon Elon Musk has its perks. Who knew?
A High Price to Pay...Literally
Palantir's stock has been outperforming its tech peers like I outperform everyone at being ridiculously handsome. It has surged nearly 62% since the start of 2025. But investors are paying a pretty penny for those shares. A high multiple as the economists like to say or in my terms 'A hefty tax for being so frightfully clever!'
Karp's Bold Words: 'Deal with It!'
In a move that can only be described as 'Stewie Griffin levels of confidence,' Karp told CNBC and I quote 'You don't have to buy our shares.' Oh really? He's happy they're going to partner with the world's best and they're going to dominate. He's basically telling investors 'You can be along for the ride or you don't have to be.' Well excuse me Mr. Karp but I believe the proper response is 'Victory is mine!'
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