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Police detain six outside Palantir office at protest over deportations, military work
CNBCยท 2025-06-26 16:41
Core Viewpoint - Protests against Palantir Technologies highlight public dissent regarding its contracts with U.S. Immigration and Customs Enforcement (ICE) and the Israeli military, raising ethical concerns about its operations and impact on communities [1][3][4]. Group 1: Protests and Public Sentiment - A protest organized by Planet Over Profit involved over 30 participants, leading to the detention of six individuals who were later released [2]. - The protestors criticized Palantir for its role in deportations, military actions in Gaza, and surveillance practices, asserting that the company's technology contributes to violence and social injustice [3]. Group 2: Company Background and Financials - Palantir, co-founded by billionaire Peter Thiel, has received significant government contracts, including a $30 million deal with ICE for monitoring self-deportations [4]. - The company's CEO, Alex Karp, has publicly supported Israel, which has led to employee departures, and he expressed pride in Palantir's operations in Israel following the October 7, 2023, Hamas attacks [5]. - Palantir's stock has surged 500% over the past year, reaching a new high recently [5].