Doug Kass: Palantir Interview Shows They're Still Lobbing Softballs on Fin TV
Cheerleading is not journalism.
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On Wednesday Palantir's PLTR stock fell by about 12% on news of Pentagon cuts and a modified stock sale plan from CEO Alex Karp (PLTR is down another 10% on Thursday). I was short and covered into the schmeissing.
I was critical of CEO Alex Karp's CNBC appearance (both in my Diary and on X) recently, which was nothing more than some "double talk" and a bunch of softball questions from complicit moderators.
That is the problem, Fin TV has become a platform for BS rather than a serious opportunity to discuss opportunities (and threats) to business models.
The Karp interview reminded me of CNBC's pathetic interview of Sam Bankman-Fried, weeks before it was discovered his company, FTX, was a Ponzi scheme.
I am not suggesting Palantir is a Ponzi scheme at all — it is not. I am critical of our business media, which consistently fails to develop meaningful and value-added interviews.
Here's a previous column of mine on "softball throwing":
This commentary was orginally posted in Doug's Daily Diary on TheStreet Pro.
At the time of publication, Kass had no positions in any securities mentioned.
