Friday, August 21, 2020

Daily Crunch - Palantir docs show $579M net loss

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

Friday, August 21, 2020 By Anthony Ha

We dive into Palantir’s finances, Apple fires back against Epic Games and Lambda School raises funding. This is your Daily Crunch for August 21, 2020.

The big story: Palantir docs show $579M net loss

Danny Crichton got a hold of the confidential S-1 filing for secretive data analytics company Palantir and has been unpacking the details. As far as the top-line numbers go, Palantir reported revenue of $742 million in 2019, up 25% from the previous year, with a net loss of $579 million. And it had exactly 125 customers at the end of the first half of 2020.

In addition, multiple sources have told us that Palantir will have a lockup period after its direct listing. The combination of both a direct listing and lockup period is unusual, as Danny explains:

The lockup will almost certainly help stabilize Palantir's stock post-debut, which will be less volatile since insiders won't be able to trade their shares. However, it is definitely not a vote of confidence that a 17-year-old company thinks it needs to control the selling decisions of its workforce and investors in order to maintain its share price on the public markets.

Read more

The big story: Palantir docs show $579M net loss image

Image Credits: Jason Alden/Bloomberg / Getty Images (Image has been modified)

Learn why mobile app protection has become critical

Sponsored by Irdeto

Mobile apps are the new endpoints, it's essential to protect them in order to protect your IP and revenues and those who use it. In this white paper, we detail what hackers can do to your apps and why app protection has become critical.

Read more

The tech giants

Apple contends Epic's ban was a 'self-inflicted' prelude to gaming the App Store — Apple characterizes the entire controversy as a “carefully orchestrated, multi-faceted campaign” aimed at circumventing the 30% cut it demands for the privilege of doing business on iOS.

Sony WH-1000XM4 headphone review — Brian Heater says they’re still the best in class at $350.

Facebook trials expanding portability tools ahead of FTC hearing — Facebook is considering expanding the types of data its users are able to port directly to alternative platforms.

The tech giants image

Startups, funding and venture capital

Lambda School raises $74M for its virtual coding school where you pay tuition only after you get a job — Payments for Lambda School courses are based on a sliding scale that only kicks in after you land a job that makes at least $50,000 a year.

Triller threatened to sue over report suggesting it inflated its downloads — Triller has been pushing to capitalize on the recent turn of events regarding its chief competitor, TikTok.

No parties allowed at the Airbnb IPO — The latest episode of Equity covers Airbnb’s decision to ban parties, and also its private filing to go public.

Startups, funding and venture capital image

Image Credits: oatawa / Getty Images

Advice and analysis with Extra Crunch

How to raise your first VC fund — For starters, understand the mindset of an LP.

Anu Duggal on COVID-19, promoting diversity and building a fund — In 2020, the investor says her thesis that there will be a generation of successful venture-backed businesses built by women is one you can't avoid.

Box CEO Aaron Levie says thrifty founders have more control — “Put yourself in a position where you spend as little amount of dollars as you can.”

(Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here.)

Advice and analysis with Extra Crunch image

Image Credits: Cadalpe / Getty Images

Everything else

Trump's official campaign app had to reset its rating after being trolled by TikTokers — An effort by TikTok users to troll President Trump's official campaign app with thousands of one-star reviews appears to have had an impact, if not the impact the pranksters had wanted.

Submit your pitch deck to Disrupt 2020's Pitch Deck Teardown — In the Pitch Deck Teardown, top venture capitalists and entrepreneurs will evaluate and suggest fixes for attendees’ pitch decks.

Everything else image

Image Credits: Bloomberg / Getty Images

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2020 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103

No comments:

Post a Comment