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I mean, really…
I’m likely the last guy to weigh in on this, but Planatir PLTR 0.00%↑ CEO Alex Karp’s rant today about short-sellers is likely to go down as one for the books. Not because he’s right or that the shorts will be proven right, but because it’s seemingly so senseless.
He actually had two rants. One was on CNBC and the other was in his company’s letter to shareholders, where he wrote…
I’ve never written about or opined on Planatir because it’s too much of a black box. And I’ve also stood in front of one speeding locomotive too many. But when I see a CEO not only go off on the shorts, and I see a guy whose stock is up nearly 200% this year using words like “deranged” and “self-destructive befuddlement” to describe his company’s “detractors,” I’m thinking… why?
And then to talk about how his company has helped “retail investors…achieve the kinds of rates of return previously limited to the most successful venture capitalists,” I’m thinking… why?
I had the same reaction when I saw clips of an interview privately held OpenAI’s Sam Altman had when venture capitalist/OpenAI investor Brad Gerstner – on a podcast he hosts – asked…
How can a company with $13 billion in revenues make $1.4 trillion of spend commitments? You’ve heard the criticism, Sam.
Altman tensed up and shot back tersely and tensely…
If you want to sell your shares, I’ll find you a buyer. Enough.
“Enough”… why?
Seeing some of this, I went on social media and posted…
Caleb Hannan, a reporter at Sharesleuth responded…
“Older analogy.” “Antiquated.”
Yes, some of my of thoughts might be antiquated – I am, after all, older – but as I responded…
What older gives you is a baseline, and what we’ve seen in recent days is well off that base line. And all I keep thinking is… why?
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DISCLAIMER: This is solely my opinion based on my observations and interpretations of events, based on published facts and filings, and should not be construed as personal investment advice. (Because it isn’t!) As of publication, I have no position in any company mentioned here.
I can be reached at herb@herbgreenberg.com.