Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by mwfunk on Wednesday October 26, 2016 @08:43PM
(#12802055)
I'm curious if going public would lead to more transparency about what they do and for whom. Enron was famously opaque to its own investors until it was too late, but I would hope that public companies have greater requirements for transparency nowadays.
[ Parent
| on HN ]
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by williamscales on Wednesday October 26, 2016 @08:55PM
(#12802099)
I don't think that Palantir being a public company would necessarily give the kind of insight into what they do to satisfy our curiosity. As far as I understand, Palantir could be very financially transparent while still keeping mum about who their clients are and what they are doing for them.
I think it's worth remembering that Enron was public.
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by SapphireSun on Wednesday October 26, 2016 @11:37PM
(#12802742)
I agree with you on the whole, but Enron was pre Sarbanes-Oxley which initiated a raft of reporting requirements on companies, so Enron is often a poor comparison to the present day.
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by bogomipz on Thursday October 27, 2016 @10:23AM
(#12805295)
Can you elaborate on:
"financially transparent while still keeping mum about who their clients are"
How would this work in practical terms?
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by jlgaddis on Wednesday October 26, 2016 @09:37PM
(#12802267)
If you mean anything more specific than "we do stuff for the government we can't tell you about", probably not. Look at Boeing, Northop-Grumman, Booz Allen Hamilton, etc.
Hell, for that matter, look at AT&T, Verizon, and Level3 -- the companies that we didn't really expect to be doing the kinds of things they were doing.
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by JumpCrisscross on Thursday October 27, 2016 @01:02AM
(#12803038)
Boeing and Lockheed Martin and General Dynamics are public companies. Being public doesn't mean publishising customer lists.
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by jonathankoren on Thursday October 27, 2016 @03:17AM
(#12803409)
Everyone knows who is the Military Industrial Complex's customers are, and what contracts are up. The questions are more about capabilities.
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by stevehawk on Thursday October 27, 2016 @04:45PM
(#12809893)
But you don't know about the contracts, because a lot of the contracts are classified and never released publicly.
Re:Palantir CEO Says Data-Mining Company Is Positioned to Go...
by bogomipz on Wednesday October 26, 2016 @11:02PM
(#12802630)
That was my response as well. Going public means filing 10K statements which will lay all their business dealings out. Something I wouldn't think they or their clients would be interested in.