Alex Karp slams short-seller bets against Palantir as 'egregious': 'I am going to be dancing around when it's proven wrong'

Core Insights - Palantir's CEO Alex Karp criticized short sellers, particularly targeting Michael Burry, who has taken a significant short position against the company, labeling their actions as unethical and "egregious" [1][4] - Despite reporting strong third-quarter results with a 63% revenue increase to nearly $1.2 billion, Palantir's share price fell over 9% in early trading following the news of Burry's short position [2][4] Company Performance - Palantir reported a 63% increase in revenue for the third quarter, reaching nearly $1.2 billion, outperforming Wall Street estimates [2] - The company's share price experienced a sharp decline, dropping more than 9% at its lowest point in early trading after the earnings report [2] Market Reactions - Karp expressed that the short-selling behavior is "crazy motivating" for the Palantir team, indicating a commitment to improving performance and countering negative market sentiment [3] - Burry's hedge fund, Scion Asset Management, purchased bearish put options on both Palantir and Nvidia, despite both companies showing rapid growth and issuing positive forecasts [3]