Technology
Palantir’s CEO and Wall Street Annoy Each Other Straight to the Bank
Alex Karp is now worth $4 billion, and his company just joined the S&P 500.
Karp at the Allen & Co. conference in Sun Valley, Idaho, in July.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Alex Karp, co-founder and chief executive officer of Palantir Technologies Inc., has a love-hate relationship with Wall Street.
First, the hate: Karp once said that being the leader of a public company made him feel like a “caged animal.” He’s said that analysts don’t understand the company and that he prefers Palantir’s loyal army of retail investors, more than 60,000 of whom have congregated on the subreddit r/PLTR and nicknamed him “Daddy Karp.”