3 ms·

Since this isn't a public company, and many startups have rules over what is valid or invalid sale of their private stock, isn't Palantir able to say who can an

Since this isn't a public company, and many startups have rules over what is valid or invalid sale of their private stock, isn't Palantir able to say who can and cannot buy the stock? I am not making any claim about why or why not, just that they are currently in a posistion where they can control these things, right? If they were public this seems like it would be a different issue... Also, if the US govt were very concerned about this, I imagine they would step in and block it.

adventured 10y ago
Any large position purchase of Palantir by China will have to pass national security approval by the US Government.
- unityByFreedom 10y ago
  Source?
  - rtx 10y ago
    Dual use technology restrictions.
    - unityByFreedom 10y ago
      I trust the relevant agencies and courts to determine whether such a sale ought to proceed. No sense choosing a side based on a news article while we are far from the details.
      - gech 10y ago
        The whole purpose of your comments then are to kill discussion?
        unityByFreedom 10y ago
        Yes. I wave my magic wand and make it so gech can only contribute one comment. And yes there is pixie dust, in case you're wondering.
unityByFreedom 10y ago
> Since this isn't a public company, and many startups have rules over what is valid or invalid sale of their private stock, isn't Palantir able to say who can and cannot buy the stock? Hmm I don't know if that's common. I think the company often has right of first refusal for founders, meaning the company can buy shares being sold, though not sure whether they can block sales outright. > Also, if the US govt were very concerned about this, I imagine they would step in and block it. Yeah, I agree. The security argument sounds like an investor's way of hyping the value of the company, since it's "so valuable China shouldn't be allowed to invest in it". Also could be Thiel's version of "I don't want to bake your gay wedding cake", substituting the Chinese for gays.

adventured 10y ago

Any large position purchase of Palantir by China will have to pass national security approval by the US Government.

unityByFreedom 10y ago
Source?
- rtx 10y ago
  Dual use technology restrictions.
  - unityByFreedom 10y ago
    I trust the relevant agencies and courts to determine whether such a sale ought to proceed. No sense choosing a side based on a news article while we are far from the details.
    - gech 10y ago
      The whole purpose of your comments then are to kill discussion?
      - unityByFreedom 10y ago
        Yes. I wave my magic wand and make it so gech can only contribute one comment. And yes there is pixie dust, in case you're wondering.

unityByFreedom 10y ago

> Since this isn't a public company, and many startups have rules over what is valid or invalid sale of their private stock, isn't Palantir able to say who can and cannot buy the stock? Hmm I don't know if that's common. I think the company often has right of first refusal for founders, meaning the company can buy shares being sold, though not sure whether they can block sales outright. > Also, if the US govt were very concerned about this, I imagine they would step in and block it. Yeah, I agree. The security argument sounds like an investor's way of hyping the value of the company, since it's "so valuable China shouldn't be allowed to invest in it". Also could be Thiel's version of "I don't want to bake your gay wedding cake", substituting the Chinese for gays.