Welcome to the Tech Meme Ride Home for Wednesday, August 26, 2020. I'm Brian McCullough.

Today, Palantiers' S1 filing gives us our first look under the hood of that secretive business.

A big name in 3D printing is going public and guess how?

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technology on Friday. Here's what you miss today in the world of tech.

Palantir has filed its S1 for its public market listing. These sorts of things are always

interesting to dive into because oftentimes S1s are where we get our first peak at what sort of a business a company actually has.

But all the more so in this case with a company as secretive as Palantier.

Here's the headline. In 2019, Palantir had a net loss of

580 million dollars on 742.6 million dollars in revenue. Also, the company

derives more than 20% of its total revenues from just two

unnamed customers, one of which you would think has to be the CIA, right? So, is this a good business?

Question mark, quoting CNBC.

Revenue grew almost 25% from the year earlier,

while the loss stayed about the same.

In the first half of 2020, it lost $165 million or $175 million on a pro forma basis.

The company aims to trade on the New York Stock Exchange under the symbol PLTR.

Rather than sell shares through an initial public offering, the company intends to debut with a direct listing the same unconventional route taken by Slack in 2019 and Spotify in 2018.

Palantir has two classes of stock, Class A and Class B, and while each share of Class A stock receives

the rights to one vote, each Class B share gets 10 votes.

The structure is similar to Facebook's.

Peter Teal is the largest holder of Class B. The and those will have a variable number of votes.

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