Palantir, Propeller, Data

Palantir snaps up Propeller — its second deal this week: ".... The two deals raise the question as to whether Palantir is embarking on an acquisition spree of consumer-facing apps. I’ve reached out to the company for more color, (update: the company declined to comment further) but until then, have some rampant speculation: The simple explanation seems to be Palantir has decided, ten years in, that it’s easier to buy talented data teams than to recruit them. The complex explanation, oversimplified: Palantir needs to enter new markets leading up to its IPO, as the slow sales cycle of its current markets — government, military and finance — isn’t appealing to Wall Street. Palantir is known for its secrecy (it even counts the CIA among its investors), but in recent months the company has tamped down IPO speculation, telling CNBC it has no plans to go public...."

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