<ul><li><keyword id="1058282" type="PERSON" weightage="60" keywordseo="Palantir">Palantir</keyword> plummeted as much as 18% on Wednesday after Morgan Stanley downgraded the company to Under-weight from Equal-weight.</li><li>Palantir has seen a massive rally since it went public in September, surging as much as 235% based on last Friday's high of $33.50.</li><li>"With very little change in the fundamental story, the risk/reward paradigm shifts decidedly negative for the shares," Morgan Stanley warned.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Visit Business Insider's homepage for more stories</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/pltr-stock">Palantir</a> declined as much as 18% on Wednesday after the high-flying tech firm was downgraded to "Under-weight" by Morgan Stanley. An "Under-weight" rating is equivalent to a Sell rating on Wall Street. The downgrade came after Morgan Stanley downgraded Palantir to "Equal-weight" from "Over-weight" last month.Morgan Stanley set a $17 price target for Palantir, representing potential downside of 34% from Tuesday's close.The driving factor behind Morgan Stanley's downgrade is a heightened valuation for Palantir with very little change to its fundamental story since the company went public in September.Shares of Palantir have rallied as much as 235% since its September 30 debut, based off of its all time high of $33.50 reached last Friday.Read more: <a href="https://www.businessinsider.com/zoom-stock-outlook-top-analysts-forecast-price-after-covid-vaccine-2020-12" target="_blank" rel="noopener">Zoom has soared 497% this year. 3 analysts — including one of the most accurate in tech — break down whether you should buy, hold, or sell the stock as a vaccine becomes widely available.</a>"With very little change in the fundamental story, the risk/reward paradigm shifts decidedly negative for the shares," Morgan Stanley warned.Morgan Stanley isn't alone in its bearish call on Palantir. Last week, famed short-seller Andrew Left of Citron Research <a href="https://markets.businessinsider.com/news/stocks/palantir-stock-price-target-short-selling-position-citron-research-pltr-2020-11-1029845368">called Palantir's rally unsustainable</a> and called the stock a "casino.""What a run the past month for all. But as traders looking for short exposure, $PLTR is no longer a stock but a full casino," Citron said.Citron expects Palantir to tumble to $20 by year-end.Shares of Palantir are down 33% since last week's high, as of Wednesday afternoon trades.Read more: <a href="https://www.businessinsider.com/stocks-to-buy-31-set-to-become-growth-engines-hsbc-2020-12" target="_blank" rel="noopener">HSBC says buy these 31 global stocks that are exposed to the pandemic's biggest tech disruptions and set to become growth engines of the future</a><div type="image" title="pltr charts.JPG" height="650" width="838" msid="79536356" hostid="261"></div>

Palantir plummets 18% after Morgan Stanley downgrades company on questionable valuation following massive run

<ul><li>Indians are eyeing greater returns from the US stock markets. </li><li>New-age broking companies like <keyword id="10636221" type="UNKNOWN" weightage="20" keywordseo="indmoney">INDmoney</keyword>, Stockal, 5paisa, Vested Finance and more are making way for Indians to invest in companies like Tesla, Facebook, Apple, Amazon etc.</li><li>One of India’s largest brokerage firms Zerodha is reportedly working with a US stock broking firm to bring the option to its users.</li></ul>While most Indians are celebrating Sensex hitting the historic level of 50,000, there are many others going for bigger gains in markets abroad. Indians are now buying stocks like Apple, Facebook, Tesla, Netflix through stock broking companies ⁠— INDmoney, Groww and Stockal to name a few⁠— which have partnered with US-based broking firms to enable investing. For instance, Asian Paints was <a href="https://www.cnbctv18.com/market/from-40k-in-2019-to-50k-now-here-are-the-top-gainers-that-helped-sensex-achieve-the-milestone-8068721.htm">the best performer</a> among all stocks in the last 10,000 points of the rally that took a little under eight months. The country’s largest paint maker gained nearly 98% in that time. Even compared to that, the rally in some technology stocks in the US has been spectacular. Here’s a look at the returns offered by <keyword id="48211" type="ORGANIZATION" weightage="20" keywordseo="US-stocks">US stocks</keyword>, according to wealth-tech platform Winvesta. Top 5 US Stocks on Winvesta <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 year return </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3 year return </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5 year return </td></tr><tr><td style="border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:bottom;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TSLA </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">530% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">592.4% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">812.2% </td></tr><tr><td style="border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:bottom;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">AAPL </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">71.5% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">156.4% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">264.8% </td></tr><tr><td style="border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:bottom;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BRK.B </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-5.2% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.3% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">51.6% </td></tr><tr><td style="border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:bottom;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">AMZN </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">68.9% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">174.2% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">362.3% </td></tr><tr><td style="border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:bottom;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MSFT </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">42.9% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">145.3% </td><td style="border-left:solid #000000 0.99609pt;border-right:solid #000000 0.99609pt;border-bottom:solid #000000 0.99609pt;border-top:solid #000000 0.99609pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">290.7% </td></tr></tbody></table>Source: Winvesta, Yahoo Finance. Returns are in USD. While the decade-long bull run in the US has been a big pull for Indian investors, there are other factors, too, which make such investments attractive. “The declining value of the rupee and rising dollar value have also pushed more Indians to put their money into US markets,” Vinay Bharathwaj, Co-Founder &amp; Co-CEO, Stockal Inc told Business Insider, adding that, “the US market gives stable and even generous returns at lower volatility over the long term.” <cmsannotation type="cmsannotation" annotationid="How to invest in US stocks" comment="subhead" text="How to invest in US stocks">How to invest in US stocks</cmsannotation> Indians can start investing in the US stock market by opening an overseas account with an Indian brokerage, open an account with foreign brokerage or invest through Mutual Funds with global equities. Currently, the Reserve Bank of India allows an Indian to invest only up to $250,000 (₹2 crore) overseas per year without having to apply for special permissions. But here’s what you need to remember while investing in an US stock, the profits will be subject to currency exchange rates and some brokerages may charge high commissions. <cmsannotation type="cmsannotation" annotationid="Startups that offer US stock investment to Indians" comment="subhead" text="Startups that offer US stock investment to Indians">Startups that offer US stock investment to Indians</cmsannotation> <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Brokerage </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">INDmoney </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zero commission, transaction charges depending on banks </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Groww (in beta phase) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stockal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ranges from zero commission to subscription and volume based pricing. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5paisa </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zero commission (wire transfer and foreign exchange conversion fees applicable) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Winvesta </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$0 per trade for 3 trades per month (10 free trades in the first month). $1 per trade after free trades </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vested Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zero (Subscription charges are separate) </td></tr></tbody></table>*Zerodha <a href="https://www.moneycontrol.com/news/business/markets/zerodha-to-offer-option-to-invest-in-us-stocks-says-no-minimum-investment-5251041.html">reportedly</a> has its US stock investment offering in the pipeline. One of the popular platforms that was also one of the first to offer US stocks to Indian investors is the Ashish Kashyap-led INDmoney. The startup in May 2020 partnered with DriveWealth, LLC, a member of FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation) and a licensed carrying and self-clearing broker based out of the United States. The startup also claims “zero account opening fee, zero brokerage i.e. no charges on buying and selling.” <div type="twitter" handle="deepakabbot" handlename="Deepak Abbot" image="http://pbs.twimg.com/profile_images/1197371543287816192/pYK77Tn7_normal.jpg" favoritecount="140" retweetcount="9" status="Another awesome offering from @INDmoneyApp - bought my first ever US stock using indcoins 🤩 https://t.co/GEC5yfIkOV" createdat="1610376983000" id="1348644935222771715"></div> <cmsannotation type="cmsannotation" annotationid="Indians are eyeing greater returns from US stocks" comment="subhead" text="Indians are eyeing greater returns from US stocks">Indians are eyeing greater returns from US stocks</cmsannotation> Bharathwaj believes that in today’s world it seems rather restrictive that an Indian investor should not have access to own shares of companies like Netflix, Tesla and Amazon. He said that the problem with wealth management firms was they came with large minimum account requirements, rigid investing plans, extra costs for research, high commissions, and entry/exit loads. “The availability of homegrown digital investment platforms that have made investing in the US market easy and accessible are also one of the major reasons why investors are considering expanding the scope of their investments. At Stockal, we have partly digitized the Liberalized Remittance Scheme (LRS) process, working with six banks in India, and are making it completely online, working along with a couple of our very large banking partners,” he said. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Duration </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stockal Daily Transaction Volume </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top traded stocks by Indians on Stockal </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April-June quarter </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1 mn/per day </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tesla (TSLA), Trivago (TRVG), Nio (NIO), Amazon (AMZN) and Palantir (PLTR) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Last six months </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.5 mn/per day </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/recession-in-india-will-end-latest-by-march-says-a-top-economist/articleshow/80399198.cms">Recession in India will end latest by March, says a top economist</a> <a href="https://www.businessinsider.in/budget/news/do-not-panic-when-finance-minister-nirmala-sitharaman-reads-out-the-revised-estimates/articleshow/80400869.cms">Do not panic when Finance Minister Nirmala Sitharaman reads out the revised estimates</a>

Here’s how Indians are buying Tesla, Facebook, and Apple shares through brokerage startups

<ul class="summary-list"><li><keyword id="1058282" type="PERSON" weightage="60" keywordseo="Palantir">Palantir</keyword> jumped as much as 6% Tuesday after it announced a partnership with <keyword id="1268354" type="COMPANY" weightage="60" keywordseo="PGE">PG&amp;E</keyword> to improve the safety of California's electric grid.</li><li>PG&amp;E is set to use Palantir's Foundry software to streamline data management and collection.</li><li>This comes just a week after Citi analysts downgraded Palantir to "sell" in a note that warned the stock could be "vulnerable" in 2021.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/pltr-stock">Palantir</a> jumped over 6% Tuesday morning after <a href="https://www.businesswire.com/news/home/20210119005164/en/Palantir-Providing-Technology-to-Enhance-Safety-and-Reliability-of-Electric-Grid-in-California">it was announced</a> the Denver-based company will partner with utility PG&amp;E to enhance the safety and reliability of California's electric grid.PG&amp;E will use Palantir's Foundry software to help streamline its data management. Foundry provides a single, integrated platform that will allow PG&amp;E decision-makers to navigate a real-time, operational picture of the power grid. Olivier Farache, Palantir's Head of Utility Sector and Senior Advisor to the CEO, said of the deal: "Our engagement with California's largest investor-owned utility underlines our commitment to increasing safety and reliability for customers and communities across the region."Farache continued: "It shows our Foundry software can power data-driven decisions that aim to improve service delivery."Though the details have yet to be announced, the PG&amp;E deal is reportedly a "multi-year, multi-million dollar" contract for Palantir.Read more: <a href="https://www.businessinsider.com/market-crash-bubble-bursts-social-unrest-albert-edwards-societe-generale-2021-1?utm_source=markets&amp;utm_medium=ingestgest">Billionaire investor Ray Dalio warned the US could be on the verge of civil war - Now a prominent market bear is saying investors should monitor this under-the-radar bubble, which could trigger unrest</a>Palantir hopes to help PG&amp;E avoid the costly lawsuits that have plagued the utility by informing asset risk and outage investigations while bringing in as much data as possible to improve operational safety.PG&amp;E, California's largest investor-owned utility, has been embroiled in controversy after it was reported the company was responsible for <a href="https://www.businessinsider.com/pge-caused-california-wildfires-safety-measures-2019-10">over 1500 fires</a> in its home state between 2014 and 2017 alone.Fires sparkd by PG&amp;E power lines during California's increasingly dry fire seasons have led the company to pay $25.5 billion for losses from devastating fires in 2017 and 2018.Although PG&amp;E has <a href="https://www.businessinsider.com/pge-exits-bankruptcy-pays-5-billion-into-wildfire-fund-2020-7">emerged from a recent Chapter 11 bankruptcy</a>, it was required to pay $5.4 billion in initial funds and 22.19% of its stock into a trust for victims of wildfires caused by its equipment. The company also <a href="https://www.businessinsider.com/pge-to-purge-most-of-its-board-in-fallout-from-bankruptcy-2020-5">purged the majority of its board in 2020</a>.The news of a deal between Palantir and PG&amp;E comes less than a week after Palantir was downgraded to "sell" from "neutral" by <keyword id="44473" type="CITY" weightage="60" keywordseo="Citigroup">Citigroup</keyword>.Citi analyst Tyler Radke stated a bearish outlook on Palantir in a January 13 note, in which he called the stock "vulnerable" in 2021.Still, Radke increased his price target for the big data company to $15 a share from $10. "The bull case for PLTR rests on the ability to significantly expand its small about 130- customer base via the commercial segment by selling a more modularized product portfolio, which reduces friction. While this may be the right strategy, we are skeptical that this will be successful," Radke wrote. <a href="https://markets.businessinsider.com/stocks/pltr-stock">Palantir</a> trades at around $27 per share. The company boasts an average price target of $13.88 per share, including two "buy" ratings, three "sell" ratings, and three "neutral" ratings from analysts.

Palantir shares rise on deal with PG&E to enhance safety and reliability of California's electric grid

<ul class="summary-list"><li>Apple was the most-purchased stock by <keyword id="11948148" type="UNKNOWN" weightage="60" keywordseo="retail-investors" source="Orion">retail investors</keyword> in 2021, according to Vanda Research. </li><li>AMC and Alibaba were the only two consumer services sector companies to make the tech-dominated list </li></ul>This year will stand out as one of major influence by retail investors on Wall Street, marked by the rally in so-called meme stocks that kicked off 2021 as investors banded together to fend off hedge funds shorting stocks including AMC and GameStop. Here are the Top 10 stocks purchased by retail investors during 2021, according to Vanda Research. The company's research tool tracks activity among such investors in more than 9,000 stocks and ETFs listed in the US. 1) <a href="https://markets.businessinsider.com/stocks/aapl-stock">Apple (AAPL)</a>Net purchases: $11.91 billion Year-to-performance: up 29%The tech behemoth is moving closer to hitting a $3 trillion market capitalization, which would be the first company in the world to reach that milestone. Ongoing global supply-chain problems <a href="https://www.businessinsider.com/apple-amazon-supply-chain-staffing-challenges-holiday-season-2021-10">have hurt iPhone production</a> but the stock has managed to forge ahead. The stock has two forces in its corner: a <a href="https://markets.businessinsider.com/news/stocks/apple-stock-price-gains-fueled-by-retail-traders-huge-buyback-arsenal-2021-12">'cult following' among amateur investors</a> and the company's $90 billion share buyback program, Vanda said earlier this month. 2) <a href="https://markets.businessinsider.com/stocks/amd-stock">Advanced Micro Devices (AMD) </a>Net purchases: $7.39 billion Year-to-date performance: up 50%<div type="image" title="A screenshot from AMD's website showing embedded graphics products" height="500" width="1000" msid="88396618" hostid="261"></div>The stock was off its highs of the year but it had a monster rally of nearly 40% during November. Investors propelled it higher after the chipmaker raised its 2021 revenue outlook and beat third-quarter expectations.3) <a href="https://markets.businessinsider.com/stocks/nio-stock">NIO</a> Net purchases: $6.8 billion Year-to-date performance: down 38%<div type="image" title="Nio lineup" height="1920" width="3840" msid="88396620" hostid="261"></div>The Chinese electric vehicle maker recently has turned in record delivery figures that helped the stock price to all-time highs. But the stock has also run lower alongside other US-listed shares of Chinese companies in the wake of news Beijing-based ride-hailing company Didi's delisting less than six months after its US debut.4) <a href="https://markets.businessinsider.com/stocks/amc-stock">AMC Entertainment (AMC)</a>Net purchases: $4.07 billion Year-to-date performance: up 1,273%<div type="image" title="2019 American Cinematheque Award - Arrivals - Beverly Hills, California, U.S., November 8, 2019 - Adam Aron." height="2213" width="4426" msid="88396621" hostid="261"></div>The movie-theater chain has been on a wild ride as part of the wider focus on meme stocks driven by retail investors this year. The company was hit hard by the coronavirus pandemic but movie screens are back open and AMC CEO Adam Aron has kept <a href="https://www.businessinsider.com/amc-adam-aron-twitter-reddit-investors-meme-stock-2021-12">engagement with retail investors alive in his communication on Twitter</a>.5) <a href="https://markets.businessinsider.com/stocks/pltr-stock">Palantir (PLTR)</a> Net purchases: $3.6 billion Year-to-date performance: down 19%<div type="image" title="Palantir 1" height="683" width="910" msid="88396623" hostid="261"></div>The data-mining company with defense contracts is one of the most-mentioned stocks among investors in the WallStreetBets community. As the year comes to a close, the company reportedly said it's working on shifting its <a href="https://www.nasdaq.com/articles/palantir-to-localize-uk-data-operations-as-privacy-regulations-tighten">UK metadata processing</a> out of the US as privacy regulations tighten worldwide. 6) <a href="https://markets.businessinsider.com/stocks/vz-stock">Verizon (VZ)</a> Net purchases: $3.07 billion Year-to-date performance: down 9.5%<div type="image" title="THOR vehicle prototype" height="974" width="1950" msid="88396626" hostid="261"></div>Shares of Verizon like other telecom stocks are lower this year but the largest mobile carrier in the US did turn in better-than-expected earnings for the third quarter. 7) <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft (MSFT) </a>Net purchases: $2.89 billion Year-to-date performance: up 46%<div type="image" title="Satya Nadella speaks in front of the image of a cell phone." height="2299" width="4600" msid="88396628" hostid="261"></div>The software maker has been among big winners during the coronavirus pandemic, with its stock price rising on the success of its Azure cloud business and as people rely more heavily on its suite of services in the shift to remote work. 8) <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla (TSLA) </a>Net purchases: $2.74 billion Year-to-date performance: up 32%<div type="image" title="Tesla CEO Elon Musk in a black suit walks on stage in front of an image of a Model Y vehicle" height="1314" width="2628" msid="88396630" hostid="261"></div>Delivery of Tesla cars has been on the rise this year but much focus lately has been on CEO Elon Musk who has been selling shares in a bid to reduce his tax liability. 9) <a href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia (NVDA)</a> Net purchases: $2.58 billion Year-to-date performance: up 113%<div type="image" title="A screenshot of Nvidia's series of GEFORCE RTX 30 graphic cards" height="796" width="1592" msid="88396632" hostid="261"></div>Global supply-chain issues have pressured Nvidia's shares during the year but blowout earnings result for the GPU manufacturer in the second quarter have aided overall gains. The company has also broadcast its vision for the metaverse and other gaming-related projects. 10) <a href="https://markets.businessinsider.com/stocks/baba-stock">Alibaba (BABA) </a>Net purchases: $2.44 billion Year-to-date performance: down 49%<div type="image" title="alibaba jack ma NYSE" height="1000" width="2000" msid="88396634" hostid="261"></div>Shares of Chinese retail heavyweight have taken a hit largely as the Chinese government imposed regulatory crackdowns on a range of industries and as founder Jack Ma has been under scrutiny in Beijing. As for ETFs, retail traders piled into funds tracking the S&amp;P 500 and the Nasdaq 100. The top 10 most traded ETFs this year were: SPY, QQQ, TQQQ, LQD, TNA, IWM, TIP, SPXL, VTI and EMB.

Here are the top 10 stocks bought by retail traders in 2021

<ul><li>The TikTok hashtag "#investing" has amassed over 1 billion views on the mobile video app as more and more young people are turning to the platform to learn about the <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword>. </li><li>Several creators are using TikTok to explain stock market concepts in fun and interesting ways with short, snappy videos and useful graphics.</li><li>Here are five upcoming "StockTok" creators educating users on stock picking, market trends and more technical concepts like options. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest">Visit Business Insider's homepage for more stories</a>.</li></ul>With the rise of commission-free trading and app-based platforms like Robinhood, it is easier than ever to invest in the stock market, and the younger generations are piling in. Catering to the rise of the <keyword id="159493" type="PERSON" weightage="60" keywordseo="Gen-Z">Gen Z</keyword> and millennial traders, the short-form video app TikTok is home to a sizable library of investing advice. The hashtag #investing has received over 1 billion views, while #Stocktok has drawn in over 254 million views. While the platform has received criticism for hosting risky or incorrect market advice, a handful of creators are attempting to stand out with educational, interesting and relatable content. Here are five "StockTok" creators producing stock market and trading content on TikTok. <h3>Robert Ross, @tik.stocks, 227,600 followers </h3>Robert Ross is senior equity analyst for an investment research company. He runs @tik.stocks where he uploads videos <a href="https://www.tiktok.com/@tik.stocks/video/6904034363600538886">analyzing his positions in stocks like Palantir</a>, Alibaba, and Snowflake, while also giving his thoughts on market trends to his 227,600 followers. As a TikTok creator with almost a decade of financial analysis experience, he said he wants to educate younger people on how to build long-term investing habits. "I get messages from kids all the time who are 16, 17 years old asking how do I set up a custodial account? They want to be able to buy stocks…They want to buy super speculative stuff, penny stocks, they want to day trade," Ross told Business Insider. "What I try to do is bring some experience to all that enthusiasm these kids have, and kind of teach them good habits at a young age...because I've had some horror stories of people losing tens of thousands of dollars that send me their screenshots," he added. At a time when there is near limitless euphoria permeating the stock market as it notches record after record, much of it coming from retail investors, Ross believes educating younger generations could be key to protecting the market when things get frothy. "I think if you're able to kind of teach them good habits, it's actually going to be a source of stability for markets in the long term." &lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@tik.stocks/video/6904034363600538886" data-video-id="6904034363600538886" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@tik.stocks" href="https://www.tiktok.com/@tik.stocks"&gt;@tik.stocks&lt;/a&gt; &lt;p&gt;let's see if I should sell my Palantir (PLTR) position &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="stockmarket" target="_blank" href="https://www.tiktok.com/tag/stockmarket"&gt;#stockmarket&lt;/a&gt; &lt;a title="invest" target="_blank" href="https://www.tiktok.com/tag/invest"&gt;#invest&lt;/a&gt; &lt;a title="investing" target="_blank" href="https://www.tiktok.com/tag/investing"&gt;#investing&lt;/a&gt; &lt;a title="stonks" target="_blank" href="https://www.tiktok.com/tag/stonks"&gt;#stonks&lt;/a&gt; &lt;a title="ddtg" target="_blank" href="https://www.tiktok.com/tag/ddtg"&gt;#DDTG&lt;/a&gt; &lt;a title="pltr" target="_blank" href="https://www.tiktok.com/tag/pltr"&gt;#PLTR&lt;/a&gt; &lt;a title="fintok" target="_blank" href="https://www.tiktok.com/tag/fintok"&gt;#fintok&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ original sound - Robert Ross" href="https://www.tiktok.com/music/original-sound-6904034373713103621"&gt;♬ original sound - Robert Ross&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;Kayla Kilbride, @Robinhoodkid, 60,000 followers Kayla Kilbride set out to learn about investing at the start of the pandemic, but was frustrated that most stock market educators, including her own father, used market jargon that seemed impenetrable to a newcomer. "I recognized that there were probably a lot of people like myself who just couldn't follow the conversation," she told Business Insider.After learning online, she started making TikToks to explain financial concepts in ways that people without backgrounds in finance could understand and enjoy. In one TikTok, she stands up and mimics the movement of a charging bull to explain the origins of the term "bull market".As a relatively new investor herself, she says she only posts videos explaining concepts she truly understands, and she discloses to her 60,000 followers that she's a beginner and wants to "learn stocks together" with them. One of her most liked TikToks is a <a href="https://www.tiktok.com/@robinhoodkid/video/6905851518486908165">video where she explains options trading</a>. In the video, Kilbride uses an analogy that compares buying a makeup palette from Ulta that you suspect will go up in price the next day. "I have a lot of men who are like, I don't even wear makeup...and I'm understanding this better than I ever have before," she said.&lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@robinhoodkid/video/6905851518486908165" data-video-id="6905851518486908165" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@robinhoodkid" href="https://www.tiktok.com/@robinhoodkid"&gt;@robinhoodkid&lt;/a&gt; &lt;p&gt;Girls Talk Stocks: Episode 1. Reply to @thealexcruz &lt;a title="fyp" target="_blank" href="https://www.tiktok.com/tag/fyp"&gt;#fyp&lt;/a&gt; &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="stockmarket" target="_blank" href="https://www.tiktok.com/tag/stockmarket"&gt;#stockmarket&lt;/a&gt; &lt;a title="teachersoftiktok" target="_blank" href="https://www.tiktok.com/tag/teachersoftiktok"&gt;#teachersoftiktok&lt;/a&gt; &lt;a title="calls" target="_blank" href="https://www.tiktok.com/tag/calls"&gt;#calls&lt;/a&gt; &lt;a title="options" target="_blank" href="https://www.tiktok.com/tag/options"&gt;#options&lt;/a&gt; &lt;a title="girlstalkstocks" target="_blank" href="https://www.tiktok.com/tag/girlstalkstocks"&gt;#girlstalkstocks&lt;/a&gt; &lt;a title="trading" target="_blank" href="https://www.tiktok.com/tag/trading"&gt;#trading&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ WITHOUT YOU - The Kid LAROI" href="https://www.tiktok.com/music/WITHOUT-YOU-6892161420423596034"&gt;♬ WITHOUT YOU - The Kid LAROI&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;<h3>Errol Coleman, @errol_coleman, 224,000 followers </h3>Errol Coleman joined TikTok in February, seeing an opportunity to reach an audience of people who wanted to learn about the stock market online. <a href="https://www.tiktok.com/@errol_coleman/video/6908851743342316806">Coleman explains technical analysis patterns</a>, trading psychology, and individual stock picks to his 224,000 followers, with a healthy dose of memes about the life of a trader. Coleman has been trading for over four years and admits he made a lot of mistakes in the beginning, and wants to help others avoid them."When I first learned, I just thought it was so confusing and it would have cut my learning curve in half if there was just someone that could just tell me like, hey, don't do this and don't do this," Coleman told Business Insider. &lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@errol_coleman/video/6908851743342316806" data-video-id="6908851743342316806" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@errol_coleman" href="https://www.tiktok.com/@errol_coleman"&gt;@errol_coleman&lt;/a&gt; &lt;p&gt;Basically you want more than just a pattern to justify your entry&lt;/p&gt; &lt;a target="_blank" title="♬ original sound - Errol Coleman" href="https://www.tiktok.com/music/original-sound-6908851852293556998"&gt;♬ original sound - Errol Coleman&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;Read more:<a href="https://www.businessinsider.com/trading-strategy-how-jeff-neumann-surpassed-1-million-first-year-2020-12">Market wizard Jeff Neumann started trading with $2,500 and grew it to $50 million. He shares 6 timeless rules that helped him reach millionaire status in his first year.</a><h3>Austin Hankwitz, @austinhankwitz, 434,000 followers</h3>Austin Hankwitz works professionally as a strategic financial analyst and discusses his opinions on individual stocks, but also <a href="https://www.tiktok.com/@austinhankwitz/video/6904440291990818054">shares tips with his followers on how to select good companies to invest in</a>. He tells viewers how to find investor presentations, how to look into SEC filings, and how to read a balance sheet and interpret growth metrics."I always, always, always tell people like, do not blindly follow anything I say. What I want to do is I want to enable you and educate you on how to do this yourself," he told Business Insider.Hankwitz initially turned to Youtube to create stock market content, but realized he wasn't able to compete with creators who were already established on that platform. He said TikTok is more accessible for new creators, and it's algorithm enables videos from new creators to go viral."I'm not an editor. I don't have the software and the know-how and all these other different things to make really, really good content that competes with [Youtube creators]," he said. " But what I do have is a cell phone that I can download TikTok onto and point my camera towards my computer screen and just talk about what's on my mind."&lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@austinhankwitz/video/6904440291990818054" data-video-id="6904440291990818054" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@austinhankwitz" href="https://www.tiktok.com/@austinhankwitz"&gt;@austinhankwitz&lt;/a&gt; &lt;p&gt;If you plan to be a long-term investor into DoorDash, consider waiting for them to cool down - &lt;a title="investing" target="_blank" href="https://www.tiktok.com/tag/investing"&gt;#investing&lt;/a&gt; &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="personalfinance" target="_blank" href="https://www.tiktok.com/tag/personalfinance"&gt;#personalfinance&lt;/a&gt; &lt;a title="entrepreneur" target="_blank" href="https://www.tiktok.com/tag/entrepreneur"&gt;#entrepreneur&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ original sound - Austin Hankwitz" href="https://www.tiktok.com/music/original-sound-6904440201116945157"&gt;♬ original sound - Austin Hankwitz&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;<h3>Collin Miciunas @mainstreetwolf, 248,400 followers</h3>Collin Miciunas is a senior financial analyst who runs @mainstreetwolf. He creates educational videos that range from explanations of basic concepts like what a dividend is to describing advanced options strategies. He said TikTok is a good platform to make <a href="https://www.tiktok.com/@mainstreetwolf/video/6902588985231674630?lang=en">short videos that can be both educational and humorous</a>, but it can also be risky for new investors. "I always put a disclaimer in the comments saying options are risky," Miciunas told Business Insider. "Basically in order to even touch options, you should have a solid financial grounding, meaning the money that you're depositing into any trading account you should consider basically lost"He tells his 248,000 followers to always do their own research before investing."I'm not really giving advice. It's more of like, this is what I'm doing," he said. &lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@mainstreetwolf/video/6902588985231674630" data-video-id="6902588985231674630" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@mainstreetwolf" href="https://www.tiktok.com/@mainstreetwolf"&gt;@mainstreetwolf&lt;/a&gt; &lt;p&gt;The one investment to rule them all. Aka Tesla&lt;a title="investing" target="_blank" href="https://www.tiktok.com/tag/investing"&gt;#investing&lt;/a&gt; &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="stockmarket" target="_blank" href="https://www.tiktok.com/tag/stockmarket"&gt;#stockmarket&lt;/a&gt; &lt;a title="invest" target="_blank" href="https://www.tiktok.com/tag/invest"&gt;#invest&lt;/a&gt; &lt;a title="stocktok" target="_blank" href="https://www.tiktok.com/tag/stocktok"&gt;#stocktok&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ Killing Me Softly With His Song - Fugees" href="https://www.tiktok.com/music/Killing-Me-Softly-With-His-Song-6771859436953717509"&gt;♬ Killing Me Softly With His Song - Fugees&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;Read more:<a href="https://www.businessinsider.com/top-wall-street-investors-of-2020-stock-picks-2021-outlook-2020-12">We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021</a>

5 TikTok creators explaining the stock market to a new generation of investors

<ul class="summary-list"><li>Shares of the big data company <keyword id="1058282" type="PERSON" weightage="60" keywordseo="Palantir">Palantir</keyword> began trading on Wednesday via a direct listing.</li><li>The New York Stock Exchange established a reference price of $7.25 per share, valuing the company at about $16 billion ahead of its official debut.</li><li>Palantir has yet to become profitable, raising questions from investors.</li><li>Palantir also has faced criticism from activists for its work with Immigration and Customs Enforcement, which the company has acknowledged poses a risk to its business — partially because yielding to the criticism might endanger its business with government clients.</li></ul>Palantir, the secretive and often-controversial big data company founded by Peter Thiel, made its public markets debut on Wednesday with a splash, as investors bid up shares and gave the company a roughly $19 billion market capitalization.Shares of Palantir began trading on the New York Stock Exchange on Wednesday through a direct listing. The stock opened at $10 per share, 38% above the hypothetical "reference price" set by the company. Palantir shares rose 14% to $11.40 within the first hour of trading, but then lost momentum and dipped to as low as $9.77.The reception on Wall Street is a vote of confidence in a company that has never <a href="https://www.businessinsider.com/palantir-says-it-hasnt-turned-a-profit-since-2003-founding-2020-8">turned a profit</a> in its 17 years of existence, and whose business model has been <a href="https://www.businessinsider.com/heres-what-palantirs-potential-investors-are-most-worried-about-2020-9">viewed with skepticism by some observers</a>. In its S-1, Palantir revealed nearly $580 million in losses in 2019, and it warned that it may <a href="https://www.businessinsider.com/palantir-says-it-hasnt-turned-a-profit-since-2003-founding-2020-8">never become profitable</a>. The company is known for its work with government agencies and law enforcement around the world, using its data analysis tools to track and prevent terrorism and other forms of crime.<a href="https://www.businessinsider.com/palantir-direct-listing-filing-activist-media-criticism-could-hurt-business-2020-8">Palantir acknowledged</a> in its S-1 filing that criticism from "political and social activists" and "unfavorable coverage in the media" could pose risks to its business, but "being perceived as yielding" to activists' concerns could also damage its relationships with government clients, its S-1 said.Activists have also protested Amazon Web Services since Palantir hosts its data on that cloud. According to its S-1, <a href="https://www.businessinsider.com/palantir-s1-chinese-communist-party-2020-8">Palantir</a> could spend as much <a href="https://www.businessinsider.com/palantir-s1-microsoft-amazon-clouds-2020-8">as $1.5 billion</a> on cloud platforms including Amazon Web Services and Microsoft Azure over the next five-plus years. Palantir is eschewing the traditional IPO process, instead opting for a direct listing, in which no new shares in the company are created or sold. This method of going public is an increasingly popular option in the tech industry — project-tracking tool Asana, which went public on Wednesday morning, also opted for a direct listing.The New York Stock Exchange established a reference price of $7.25 per share for Palantir, valuing the company at about $16 billion. This is lower than the <a href="https://www.reuters.com/article/us-palantir-ipo/palantir-value-pegged-at-15-8-billion-ahead-of-long-awaited-nyse-debut-idUSKBN26K3N6">$20 billion valuation</a> it fetched during a fundraising round in 2015. It's not clear at what price it will debut on the markets, however. <a href="https://www.businessinsider.com/palantir-ice-explainer-data-startup-2019-7">Palantir</a> will trade under the ticker symbol PLTR. Read more: <a href="https://www.businessinsider.com/palantir-ipo-activists-rally-blackrock-ice-2020-9">As Palantir gears up to go public, activist groups are rallying BlackRock — a major investor — to ask the big data company to cut its ties with ICE</a>Palantir is going public right after a set of software company IPOs, including those of <a href="https://www.businessinsider.com/snowflake-ceo-ruthless-focus-startup-frank-slootman-ipo-2020-9">Snowflake</a>, <a href="https://www.businessinsider.com/jfrog-ipo-ceo-devops-companies-2020-9">JFrog</a>, and <a href="https://www.businessinsider.com/sumo-logic-ipo-stock-ceo-2020-9">Sumo Logic</a>. Do you work at Palantir? Got a tip? Contact this reporter via email at <a href="mailto:rmchan@businessinsider.com">rmchan@businessinsider.com</a>, Signal at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at <a href="https://twitter.com/rosaliechan17">@rosaliechan17</a>. (PR pitches by email only, please.) Other types of secure messaging available upon request.

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