PLTR - 'Not Just Ours': Palantir CEO Says Short Sellers 'Love Pulling Down Great American Companies So They Can Pay For Their Coke' | Benzinga
Palantir Technologies Inc (NYSE:PLTR) CEO Alex Karp made a startling claim about short sellers.
What Happened: Karp, in a recent interview, accused short sellers of deliberately driving down the stock prices of American companies to fund their cocaine habits, reported CNBC.
“I love burning the short sellers,” Karp said on “Money Movers.” “Almost nothing makes a human happier than taking the lines of cocaine away from these short sellers, who like, are going short on a truly great American company. Not just ours, but just love pulling down great American companies so they can pay for their coke.”
Karp’s comments came after Palantir’s stock soared by 9.8% on Mar. 6, following the announcement that its Tactical Intelligence Targeting Access Node was chosen by the U.S. Army. The TITAN system uses artificial intelligence to provide targeting information for missiles.
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When a stock rises, short sellers are ...