Palantir Craters Most Since 2020 on Wider-Than-Expected Loss

  • Date: 09-May-2022
  • Source: Yahoo News
  • Sector:Economy
  • Country:Gulf
  • Who else needs to know?

Palantir Craters Most Since 2020 on Wider-Than-Expected Loss

(Bloomberg) -- Palantir Technologies Inc. shares plummeted as much as 22% on Monday, the biggest intraday drop since September 2020, after the software maker reported mounting losses and a disappointing sales forecast.

Most Read from Bloomberg

Philippines Election: Marcos Jr. Widens Lead in Vote Count