Category: stock market
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Unheard of: Palantir scores 127 on the Rule of 40 used to measure tech companies.
UPDATE: Despite these amazing results Monday, Palantir stock got hammered today (Wednesday), dropping over 11%. Another sign that for the moment the market psyche towards technology stocks has soured Palantir is an amazing company with the idiosyncratic Alex Karp as their CEO. The Rule of 40 is used to value software and Saas (software as…
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Why Microsoft stock dropped 10% yesterday.
I don’t usually post about business but this is interesting and gives an insight into current stock market dynamics. Yesterday Microsoft stock price fell from 488 to 433. Despite a generally very good quarterly report from them, their cloud business – azure – only grew 38%. It was expected to grow 39%. And the whisper…