Palantir’s mysterious manipulate and its founding descents with Trump ally and anti-press activist Peter Thiel have inspired a number of controversies in recent years , none as contentious as its ongoing business with ICE. But with a direct enumerate around the corner, the famously reticent firm is in for a lot more scrutiny.
In Palantir’s forthcoming S-1 filing, obtained by TechCrunch, the soon-to-be-public company addresses concerns about managing its brand reputation as some of its contracts lure unwanted tending. Palantir reaches the somewhat argumentative demand in the risks portion of the unpublished financial filing that its business “couldve been” harmed by” coverage that presents, or relies on, inaccurate, misinforming, incomplete, or otherwise detriment information” about the company 😛 TAGEND
” As our business has moved forward and as interest in Palantir and the technology industry overall has risen, we have attracted, and may continue to attract, significant attention from bulletin and social media channels, including adverse coverage and coverage that is not directly attributable to announcements authorized by our lead, that incorrectly relevant information on testimonies make use of our leadership or employees and the nature of our labour, perpetuates unfounded speculation about company participates, or that is otherwise misleading .”
The filing also states that the company has its mitts tied in responding to these hypothetical misleading reports due to the” sensitive nature” of its contracts and confidentiality requirements.
Incomplete reporting is inevitable for a company that’s predominantly shrouded the nature of its business from the public eye. Historically, any information that oozes out about Palantir’s work with U.S. defense and law enforcement agencies comes from FOIAs, like one that recently displayed a user manual for Palantir Gotham, the company’s signature application platform developed under defense and intelligence agencies.
Palantir acknowledges that activists and the press have made a special interest in the company due to its work with” organizations whose produces or undertakings are or are perceived to be harmful .” The S-1 of course doesn’t name Palantir’s work with ICE exclusively, but that contract has attracted a horde of inquiry, both from outsider observers and employees within the company. The filing aware of the fact that unspecified rapports have resulted in public criticism and” adverse coverage” of the company.
Last year, The Washington Post reported that Palantir works were calculating with the company’s work for the vigorous U.S. immigration agency, “[ debating] the ICE contracts in town hall fulfills, role hallways, Slack paths and email weaves .”
While other tech business have yielded to analysts of defense and law enforcement work, Palantir instead has moved forward its most controversial contracts over duration. The company’s S-1 discusses that decision making process 😛 TAGEND
” Activists have also engaged in public asserts at our properties. Activist criticism of our relations with customers could potentially engender dissatisfaction among potential and present purchasers, investors, and employees with how we address political and social concerns in our business activities.
Conversely, being perceived as yielding to activism targeted at certain clients could detriment our relationships with specific clients, including governments and government agencies with which we do business, whose attitudes may or may not be aligned with those of political and social activists .”
In 2018, as the tech industry dealt with the ethical implications of advantageous federal defense piece, more than 200 employees wrote a letter to Palantir CEO Alex Karp expressing their concerns over its ICE contracts. Palantir has two current contracts with ICE, one for the agency’s Investigative Case Management( ICM ) internal database and another for software known as FALCON. Combined, those contracts are worth as much as $92 million.
Palantir makes a sizable clod of its receipt by selling U.S. agencies software that weaves together data rivers to monitor individuals, but the company attracts a thick-witted way at facilitating China do the same.
” We do not work with the Chinese communist party and have chosen not to host our pulpits in China, which may limit our growth expectations ,” the S-1 states, calling work with China ” incoherent” with the company’s aims and culture.
” We do not consider any sales opportunities with the Chinese communist party, do not host our stages in China, and prescribe limitations on access to our platforms in China in order to protect our intellectual property, to promote respect for and defend privacy and civil liberties safeties, and to promote data security .”
Palantir’s anti-China stance isn’t inevitably surprising given Thiel’s penchant for foreboding advises about Chinese tech dominance — a position that likewise happens to bolster his relationship with a White House that’s since kicked off an peculiar crusade against Chinese social media beings TikTok. Still, it’s strange , noteworthy and a sign of the times to see a refusal to do business with China enunciated explicitly in a tech company’s S-1.
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