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in Tech

Palantir CEO Alex Karp says this deadly tidal wave of macroeconomic risks will wipe out some companies

by Editor September 23, 2022, 12:58 pm 1.5k Views

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Palantir co-founder and CEO Alex Karp believes this period of “deadly” macroeconomic uncertainties will crush many companies with shaky fundamentals.

“Bad times are incredibly good for Palantir … bad times really uncover the durable companies, and tech is going through bad times … interest rates are the reason,” Karp said Thursday on CNBC’s “Squawk Box.” “Will this deadly tidal wave wipe out some companies? Yes it will.”

The Federal…

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