Tuesday, June 23, 2020

Amazon’s Private Government - Palantir to File IPO


  • Almanac: Barbara Pym on the significance of small things 
    “The small things of life were often so much bigger than the great things, she decided, wondering how many writers and philosophers had said this before her, the trivial pleasures like cooking, one’s home, little poems especially sad ones, solitary walks, funny things seen and overheard.” Barbara Pym, Less than Angels...Read more
Palantir to File IPO in Weeks For Possible Fall Debut

Palantir Technologies Inc., the secretive big-data firm, plans to file to go public in the coming weeks and could start trading as early as the fall, according to people familiar with the matter.

The Palo Alto, California-based company is preparing to register an S-1 filing confidentially with the U.S. Securities and Exchange Commission, said the people, who asked to not be identified because the matter isn’t public.

Palantir is working with bankers to organize a tender offer for private shareholders to help clean up its capital structure ahead of an initial public offering, the people said. It’s also working with an IPO readiness consultant, they said.

Private investors last valued Palantir at $20 billion in 2015. It isn’t clear what valuation it may seek in an IPO. No final decision has been made and the company’s plans could still change, the people said.


Accountant struck off in $48 million cheese scandal

The Australian Financial Review
The Tax Practitioners Board has deregistered Wattle Health Australia's former chairman, accountant Peter Biantes, for dishonesty over his role ...

Former Wattle Health chair banned for hiding $35m income
Business News Australia



Colours of currency map

Is performative entrepreneurship behind the Great Stagnation?  And are academics complicit in this?

 

Tenino, Washington prints its own currency



Chinese pharmacy chain boss sentenced to jail for 15yrs over fake masks



Why China believed it had a case to hit Australian barley with tariffs

MIND THE RULES: China says it made its own calculations on the extent to which Australia subsidised barley after Australian authorities failed to give it all the information it needed in the form it requested.


New Marc Andreessen interview, excellent, lots of fresh material, contains lessons about updating as well.  By Sriram Krishnan, would get its own blog post if it would let me do “Control C” on the excerpts.



On the waterfront
In order to divert those of you who, like me, are sticking close to home these days, I’ve been posting images of some of the prints and paintings that hang on the walls of the Manhattan apartment that I shared for many years with my late wife Hilary—the “Teachout Museum,”... Read more


Security experts say China, Russia and North Korea are the only countries that fit Australian prime minister Scott Morrison’s description of culprit

A wide range of political and private sector organisations in Australia have come under cyber-attack carried out by a “sophisticated state-based cyber actor”, the Australian government has revealed.

Scott Morrison disclosed the far-reaching attacks at a media conference in Canberra on Friday, while his defence minister declared that malicious cyber activity was “increasing in frequency, scale, in sophistication and in its impact”.

The government is not saying which country it believes to be responsible, except to say it is “a state-based actor, with very significant capabilities”.

The prime minister declined to respond to a specific question about whether it was China, after months of tensions in its relationship with Australia, but security experts later said they believed it, Russia and North Korea were the only countries that fell within Morrison’s description.






India-China face-off live updates: No troop missing in action, say Indian Army sourcesTimes of India

India-China clash: Diplomats ‘strongly protest’ over border clashes BBC. Furzy: “The Indian Army claims they were overwhelmed by the Chinese by some 10 to 1.”

KGB chief Andropov still Russia’s mythical man Raamop-Rusland. Chuck L: “Andropov seems to occupy a space in the Russian historical imagination as John Kennedy does here in the USA. Lot’s of room for ‘what might have been



NYC Home-Purchase Contracts Plummet, Delaying a Price Reckoning Bloomberg

US pulls out of talks to tax tech giants in a blow to Europe’s plans Finanz.dk 

Amazon’s Private Government American Prospect 

How Brands Can Celebrate Juneteenth on Social Media Later. Woke insurance.


ATO investigation into whistleblower’s claims ‘superficial’, according to report

ABOUT RICHARD BOYLE: It follows the release of findings from a related inquiry into the performance of the Inspector-General of Taxation.