Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Palantir CEO says companies working with U.S. adversaries should justify their position

by
November 23, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” Summit in Paris, France May 15, 2019.

Charles Platiau | Reuters

Technology companies doing business with China or U.S. adversaries need to justify their position, Palantir CEO Alex Karp told CNBC’s “Squawk Box” on Tuesday.

“If you want to work in China or in any other country that is adversarial … you should disclose it and defend it,” he said.

Apple and many chip companies are among the major U.S. tech firms that continue to operate in China. The comments from Karp come as more tech companies pull out of the country amid harsher internet censorship.

Most recently, Yahoo said it was leaving China and Microsoft said in October it would shut down professional networking platform LinkedIn and replace it with a jobs board. Google decided to shutter operations in 2010 and social media platforms including Twitter and Facebook have been blocked for more than a decade.

Apple’s CEO Tim Cook recently responded to questions about operating in China. He said companies have a responsibility to do business everywhere they can during an interview with CNBC’s Andrew Ross Sorkin at The New York Times DealBook online summit.

“I think that we have a responsibility as a business to do business in as many places as we can because I think business is this huge catalyst,” Cook said. “I believe in what Tom Watson said ‘world peace through world trade.’ I have always believed that.”

Palantir makes software and analytics tools primarily for the U.S. government and large corporations but has seen rising demand for its technology during the pandemic. In the third quarter, Palantir saw government revenue of $218 million.

Karp added that Palantir believes in “full disclosure” and companies should work wherever they can “ethically justify.”

ShareTweetPin

Related Posts

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

by
June 29, 2022
0

Here are Wednesday's biggest calls on Wall Street: Barclays initiates Penn as overweight Barclays initiated several casino and gaming companies,...

Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

by
June 29, 2022
0

In this article DAL An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines...

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

by
June 29, 2022
0

[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a...

Head scratcher: Analysts still see earnings rising this year even as the U.S. teeters on a recession

by
June 29, 2022
0

Two big earnings trends as we end the first half of the year and look forward to the second half:...

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

by
June 29, 2022
0

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the...

Next Post

After hard times for renters, cities and states pass dozens of new protections

Best Buy CEO says the trauma from rising retail thefts could force employees to quit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net