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Originally Posted by TakeFive
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Palantir is not an amazing win for Denver - they've never been solvent (even after 20 years), they're having a ton of problems finding and keeping engineering talent because of their company culture, their IPO is structured really poorly for investors, and
most importantly they have a questionable financial future because their chosen methodology is
definitely going to be a target for regulation. Everything their CEO said in that article should be a giant blaring red warning light that he's looking for reasons for their poor performance that exclude internal changes.
He's blaming "Valley culture" for trouble with government contracts, which plays great in non-tech circles or on Fox News, but the reality is that people are stepping away from the intrusive surveillance and morally-questionable technology his company provides. Companies like Lockheed Martin, Boeing, and General Dynamics are knee-deep in DOD and "non-progressive" programs and they aren't having the kind of issues finding talented employees that Palantir is... and a big part is because of Palantir's corporate culture and strategic decision making.
https://www.bloomberg.com/opinion/ar...h-to-go-public
Long story short - this is not necessarily a feather in Denver's cap, because a lot of sensible people are thinking that the company is making poor strategic choices. Furthermore, they never really outlined why they chose Denver beyond "the Valley sucks"... Unlike VF or Ardent Mills I don't think this will be a company that other companies follow.
Quote:
Originally Posted by TakeFive
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And as far as that is concerned ^^ someone should tell all the people moving to places like Koreatown, Echo Park, Hyde Park, Ladera Heights, and Boyle Heights. I mean, it's obviously a baseless scare-piece aimed at old racists in the UK and in middle America that are scared of the "inner city" and get all their news from old screaming white men on the tee-vee.
The question I would have is "where are these people allegedly fleeing to?" If you want to avoid "liberal politics" and are worried that you're unsafe in Bel Air, what city is authoritarian/tougher-on-crime and equally as billionaire-friendly? Moscow? Shanghai? Pyongyang?