This will likely be remembered as (one of) the peaks of loose monetary policy foolishness. Palantir had cash that it basically chose to turn into revenue (plus

This will likely be remembered as (one of) the peaks of loose monetary policy foolishness. Palantir had cash that it basically chose to turn into revenue (plus shares of high risk unprofitable businesses). That’s the opposite of how normal companies work. In any normal environment it’s an obviously dumb move, but when rates are basically 0 and risky assets are worth an insane amount (in cash prices) it seems like it makes sense (until the rug is pulled). Like imagine if a client asked you to put up $100k of your own money to be given back $100k in freelancer fees plus some shares in their on-demand-X business with -100% contribution margins!