1. AOC Asked SEC to Investigate Palantir Disclosures, Governance Ahead of Direct Listing

    AOC Asked SEC to Investigate Palantir Disclosures, Governance Ahead of Direct Listing

    Two members of the House of Representatives asked the Securities and Exchange Commission to investigate Palantir Technologies Inc.’s disclosures and governance ahead of the controversial software company’s Wednesday direct listing...

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    1. Palantir must provide greater transparency to potential investors about the data protections or lack thereof associated with its government contracts, and further information about the U.S. and non-U.S. government entities for which it is working on data related to the COVID-19 crisis.
    2. The company's work with Immigration and Customs Enforcement is its most pernicious, but Palantir's issues are manifold: contracts with possibly corrupt and authoritarian foreign governments, a corporate board with no meaningful independence, and unknown privacy safeguards when handling sensitive personal health information, to name a few.
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