What does Palantir do?

Palanteer is one of the hottest stocks in the S&P 500, but for many investors, it's hard to describe what it actually is. Yahoo Finance tech editor Dan Howie is taking a deep dive into Palanteer and breaking down what the company does. Founded in 2004 with funding from the CIA's notfor-profit venture capital arm in Coutell, Palanteer is named for a collection of mystical orbs in JRR Tolkien's The Lord of the Rings universe that can see both the past and present and allow users to communicate over vast dista ...