Analysis
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Palantir’s shares enjoyed strong gains since its IPO in September. Its stock had risen nearly 170% since it started trading. Palantir posted a quarterly loss of $853M in Q3, but that was mostly because of stock-based compensation ($847M). After excluding the stock-based compensation, the company’s $6.3M shy of turning profitable on a GAAP basis.
On November 12, 2019, Facebook announced on its official newsroom blog that it is introducing Facebook Pay. This initiative is a logical choice made by Facebook and there is a clear benefit that the company can earn through this initiative – get more user data. Financial services are a way to get closer to users and collect valuable data that shows a wealth of information about users’ behaviors.
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2021