Palantir Director Deletes X Account After ‘ETF Buying’ Post
- Alex Moore’s X post said Nasdaq move to reward retail traders
- Shares of Palantir are down Monday after record rally
Palantir has long been a favorite among retail investors, garnering frequent mention on sites like Reddit Inc.’s WallStreetBets forum.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
A Palantir Technologies Inc board member deleted his X account after posting last week that the company’s plan to move its listing to the Nasdaq Global Select Market from the New York Stock Exchange was intended to cater to retail investors.
Alex Moore, a partner at Eight Partners LLC, who has been on Palantir’s board since 2020, posted that the company was moving its listing “because it will force billions in ETF buying,” potentially driving up the share price to the benefit of existing investors.