Palantir's 93% Revenue Growth Is Colliding With Michael Burry's Bear Case -- Here's Who Has the Stronger Argument
Burry's argument looks shaky, with Palantir stock still offering significant long-term upside.
Overview
One of the most exciting yet controversial stocks in the market today is no doubt Palantir Technologies (NASDAQ: PLTR). The stock is up nearly 675% over the past five years, as of this writing, but it has also drawn criticism from respected short-seller Michael Burry. Burry made a name for himself by calling the housing collapse and is one of the key figures in the movie The Big Short, which documented that collapse.
The running joke around Palantir has long been that no one actually knows what the company does, despite the stock's strong performance. The company was formed shortly after the Sept. 11, 2001, terrorist attacks and was backed by PayPal co-founder Peter Thiel, who believed PayPal's fraud-detection framework could be adapted for use by security analysts.
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Originally published at www.fool.com.