Palantir's $320bn valuation enters the history books
Shares in controversial
AI
and defence technology stock
Palantir
keep hitting record highs, brushing off a
New York Times
report about fresh
US
government work and revived concerns over surveillance.
Palantir was cofounded by
Peter Thiel
, an early Trump backer, and several Trump administration figures have ties to the company. Investors don't mind: quite the opposite, with the stock up almost sixfold in a year.
Now valued at $320 billion, Palantir is the 25th biggest stock in the S&P 500, just ahead of Coca-Cola, and just behind Bank of America.
In fact, it's one of the most expensive large-cap stocks ever, says Trivariate Research's Adam Parker. The former Morgan Stanley analyst notes its enterprise value is an eye-watering 73 times projected sales. Only six US companies have ever hit that level, most of them obscure biotechs or dotcom flame-outs.
READ MORE
Palantir's implied growth rate – over 40 per cent annually for a decade – is 'unprecedented' for a company of its size.
Palantir, Parker concludes, 'might be fundamentally awesome', but no company has ever grown fast enough to justify a price tag like this.
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The Irish Sun
9 hours ago
- The Irish Sun
Transfer news LIVE: Wirtz to undergo Liverpool medical, Chelsea ‘in talks' with 6ft6 striker, Duran's Prem return
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Woltemade has been on the West Londoners' radar for some time and they have now been in contact with the player's agent. Transfer insider The 6ft6in centre-forward sees his contract run until 2028 at the Bundesliga outfit. Other reports in Germany claim the 23-year-old is in talks over an improved deal and a pay rise with Stuttgart. But Chelsea are monitoring the situation in case an agreement cannot be struck between the two parties. Copy link Copied By Florian Wirtz medical Bayer Leverkusen star Florian Wirtz is set to undergo his medial at Liverpool. According to transfer insider Fabrizio Romano, Wirtz is scheduled to have his fitness tests on Friday. An agreement between all parties involved has been sealed since Tuesday. A Premier League record deal worth a total of £116million is set to become official with the playmaker expected to be officially announced. Copy link Copied By AI summer Man Utd transfer tips AI suggests Manchester United should sign the following players, according to a research from Man Utd Viktor Gyokeres (Striker, Sporting Lisbon) Mike Maignan (Goalkeeper, AC Milan) Bryan Mbeumo (Winger, Brentford) Copy link Copied By AI summer Arsenal transfer tips AI suggests Arsenal should sign the following players, according to a research from Arsenal Benjamin Sesko (Striker, RB Leipzig) Alan Varela (Defensive midfielder, Porto) Ferdi Kadıoğlu (Left-back, Brighton) Copy link Copied By Bournemouth announce Kerkez replacement Bournemouth star Milos Kerkez is set to imminently sign for Liverpool. That is because the Cherries have already landed Kerkez's replacement at left-back. Andoni Iraola's side announced the signing of Adrien Truffert from Rennes. Truffert put pen to paper on a five-year deal after an £11.5million deal with his former club, which includes £3m in add-ons and a 10 per cent sell-on clause. Copy link Copied By Viktor Gyokeres latest Sporting Lisbon star Viktor Gyokeres has reportedly turned a move to Manchester United down. According to Record, however, Gyokeres still wants to move to the Premier League this summer. The same source claims the striker sees the 'glass half full' in terms of a move to Arsenal. The Sweden international wants to be part of a project that will allow him to play in the Champions League and challenge for silverware. Copy link Copied By Jhon Duran 'Prem return' Al-Nassr star Jhon Duran could return to the Premier League this summer. According to TEAMtalk, West Ham are exploring a loan deal for Duran during the ongoing transfer window. The Hammers have been keeping tabs on the striker for a long time and came close to signing him almost two years ago when he played for Aston Villa. 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Copy link Copied By Milos Kerkez replacement Rennes star Adrien Truffert is set to become Milos Kerkez's replacement at Bournemouth. Kerkez is reportedly closing in on a move to Liverpool. Transfer insider Fabrizio Romano claims Truffert has signed a five-year deal contract with the Cherries. And the move is said to cost £11million with the left-back scheduled to be unveiled next week. Copy link Copied By Arsenal's Gyokeres warning Arsenal have threatened to 'freeze' their interest in Sporting Lisbon star Viktor Gyokeres. That is because of Sporting's inflated financial demands for Gyokeres, who has been embroiled in quite the saga. According to Record, the Gunners will instead turn their attention to cheaper options. That includes RB Leipzig's Benjamin Sesko and Aston Villa's Ollie Watkins. It is said that the North Londoners initially believed that a fee of £60million would do but Sporting turned it down. Manchester United are also linked with the Sweden international. 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Copy link Copied By PSG Ballon d'Or propaganda in full effect As the Club Wolrd Cup gets underway, so does the Ballon d'Or propaganda. Favourites such as Lamine Yamal and Mohamed Salah will miss out on the major summer club tournament, but fellow contender Ousmane Dembélé will be in America hoping to sway the masses. Luis Enrique: 'The Ballon d'Or should be Ousmane Dembélé. He deserves it. No doubts at all'. Whilst Ousmane Dembele said to L'Équipe: "Being one of the favorites for the Ballon d'Or is already a great victory." Copy link Copied 1 …
Irish Times
9 hours ago
- Irish Times
Entain shares jump 13% as US sports betting powers growth
Shares in troubled gambling group Entain jumped 13 per cent on Monday after its US sports betting business upgraded its annual forecasts, in an early boost for new chief executive Stella David. Second-quarter trading at BetMGM, Entain's US joint venture with New York-listed MGM Resorts International, has been 'broadly consistent' with the 34 per cent growth seen in the first quarter, the company said on Monday. BetMGM now expects to report annual group revenues of at least $2.6 billion (€2.2 billion) and earnings before interest, tax, depreciation and amortisation of at least $100 million. It had earlier forecast revenue of between $2.4 billion and $2.5 billion, and 'positive' ebitda. David, Entain's former chair, was appointed permanent chief executive of the FTSE 100 company in April after performing the role in an interim capacity since February. READ MORE Today's upgrade showed she had been able to deliver ahead of expectations, said Barclays analyst Pravin Gondhale. 'This is a good sign for them ... the strategy is working,' he said. David plans to revive the group's fortunes by growing its share in US online gaming and sports betting – a market that was only legalised in 2018 – as well as tapping into the fast-growing sports betting market in Brazil, another new market. In the first three months of the year, BetMGM, which was formed in 2018, reported earnings before interest, tax, depreciation and amortisation of $22 million, its first quarterly profit. Last quarter's strong performance was driven by growth in sports betting and online gaming, the company said. Entain, which owns Ladbrokes and Coral, provides the technology that sits behind BetMGM, while MGM Resorts International handles the venture's customer-facing activities. Shore Capital analyst Greg Johnson said Entain's valuation was 'failing to reflect the improving trends' both at the group level and in the US. David is striving to rebuild investor confidence in Entain after a turbulent period characterised by corporate governance concerns and a series of executive departures. The company signed a deferred prosecution agreement in the UK over allegations it failed to prevent bribery in Turkey, while Australia's financial crimes watchdog launched legal proceedings against Entain, citing breaches of anti-money laundering rules. Entain said previously that it took the allegations 'extremely seriously' and that it was enhancing its compliance arrangements. The company's languishing share price frustrated investors and left the UK-headquartered group vulnerable to a takeover. The US's second-largest gaming company, DraftKings, made a £16.2 billion bid for Entain in 2021, before walking away. Activist investors, including US hedge funds Eminence Capital and Sachem Head Capital Management, have also circled the company. – Copyright The Financial Times Limited 2025
Irish Times
11 hours ago
- Irish Times
Meta introduces advertising to WhatsApp in push for new revenues
Meta is introducing paid advertising to WhatsApp, as the group cashes in on the world's most popular messaging service. On Monday, WhatsApp , which counts 200 million businesses among its more than 3 billion monthly active users, said it would roll out the new feature globally over the next few months. The ads will appear in the Status section of the messaging service, visible through the Updates tab on the left of the app screen, so keeping them separate from the main chat conversation area. 'This was a long-time request that we had from businesses, and they care about preserving people's personal spaces,' said Nikila Srinivasan, vice-president of business messaging at WhatsApp. READ MORE The Financial Times first reported that parent company Meta was discussing how to introduce an advertising model into WhatsApp in 2023. At the time, Will Cathcart, head of WhatsApp, said the report was 'false. We aren't doing this.' Before WhatsApp was acquired by Facebook for $19 billion (€16.4 billion) in 2014, its co-founder Brian Acton had made 'No ads! No games! No gimmicks!' a company mantra. The group said the decision to break from that long-standing position was due to there now being 'a space' for advertising that would not interfere with personal chats. 'People want to use WhatsApp for more than messaging close friends and family, and looking back a year and a half ago, that is part of the reason we introduced this Updates tab ... If you're someone that uses WhatsApp for personal messaging and you never come to this tab, you won't see [advertising],' Srinivasan added. In April, Meta reported better than expected results, shrugging off investor concerns that US President Donald Trump's tariffs policy and related economic uncertainty could significantly knock Meta's advertising business. Rolling out ads on WhatsApp will help Meta boost its revenues further, enabling the US tech giant to monetise one of its few platforms still devoid of marketing. Alice Newton-Rex, WhatsApp's director of product, previously told the FT that WhatsApp statuses were 'the world's most used stories product'. They allow users to post images that disappear after 24 hours. The Updates tab attracts 1.5 billion users daily, the company said. WhatsApp will also introduce the ability to subscribe to Channels, streams of exclusive content from creators, for a monthly fee. Certain Channels, such as those from small businesses or brands, can also pay to be promoted in a feed of different accounts. The company said messages, calls and statuses would remain end-to-end encrypted, which means that only the sender and receiver are able to access the content. However, WhatsApp added that it would use basic information such as the user's location, device language, which channels they are following and how they interact with marketing, to determine which adverts to serve. --Copyright The Financial Times Limited 2025
