Supplemental Risk Briefing: Palantir Technologies Inc.
Last year, the Investor Alliance published a human rights risk briefing for investors on Palantir Technologies, Inc. (Palantir), a privately-owned U.S. software company that provides big data analytics to government agencies and private companies in the United States and internationally, including contracts to design software systems for Immigration and Customs Enforcement (ICE), an agency with a track record of human rights abuses. The briefing concluded that “the human rights risks posed by Palantir’s business relationship with the U.S. government and ICE are significant.”
On August 25, 2020, Palantir filed a S-1 registration document with the U.S. Securities and Exchange Commission in preparation of its proposed direct listing targeted for September 24, 2020, on the New York Stock Exchange (NYSE).
On September 9, 2020, the Investor Alliance published this supplemental briefing to highlight and contextualize some of these new risks.