The most overvalued stock on Earth may be that of Palantir, the corporate Big Brother that is getting huge contracts from the Trump administration and helps the US government wage war and carry out mass surveillance. Executives have been selling billions of dollars worth of shares, yet CEO Alex Karp attacks short-sellers like "Big Short" investor Michael Burry, claiming they're "crazy" for thinking the company is in a bubble. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=j_OuoAFp54Y

Topics

0:00 Financial bubbles

0:31 AI bubble

1:01 Palantir

1:35 Investors short Palantir stock

1:58 (CLIP) CEO Alex Karp attacks short sellers

2:10 Targeting retail investors

2:23 (CLIP) CEO Alex Karp is "triggered"

3:13 Palantir executives sell shares

4:58 Financialized US economy

5:27 Trump admin contracts with Palantir

5:57 Mass surveillance

6:28 Preparing for war on China, Russia, Iran

6:54 Most revenue is from governments

7:32 Palantir stock price

8:20 Insane price-to-earnings (P/E) ratio

10:28 Is the bubble popping?

10:45 Michael Burry: "Big Short" investor

11:14 US housing bubble & financial crisis

12:11 Michael Burry shorts Palantir

12:31 (CLIP) Alex Karp: short sellers are "crazy"

12:40 CEO Alex Karp's emotional rant

13:01 (CLIP) Attacks "wokeness" & Zohran Mamdani

13:27 "Anti-woke" CEO is "triggered"

13:45 (CLIP) Alex Karp: why do they pick on us?

14:12 Delusions of grandeur

14:26 (CLIP) "Most important software company"

15:03 War on the short sellers

15:22 (CLIP) Alex Karp: "make them poorer"

15:41 Palantir executives sell their shares

16:28 Alex Karp sold $96 million

16:40 Shyam Sankar sold $37 million

17:32 Stephen Cohen sold $66 million

17:59 David Glazer sold $4 million

18:18 Ryan Taylor sold $4 million

18:33 Palantir execs keep selling shares

19:17 Alex Karp sold $1.9 billion in shares

20:04 Telling retail to invest in Palantir

20:49 (CLIP) "Experts vs retail"

21:27 Cynical exploitation

22:28 Outro