From @FT: @PalantirTech is an example of how it’s possible to be a successful company at a nonsensical price. Its enterprise value of about $360bn is around 70 times forecast revenue for the next 12 months, according to LSEG. That’s exuberant in the extreme. None of Salesforce, Tesla, Alphabet, Meta Platforms, and even the meme-stock-like mobile ad firm AppLovin managed even half that valuation multiple during this century.