Alex Karp said if he were fired from Palantir, he'd move to his "hermit-like location" and focus on his hobbies.

It's like, there's this one issue where I might, and then you get boxed into, you cannot solve the problem. And then I would say, what is the biggest problem in this society? Biggest problem in this society from my perspective is legitimacy of our institutions.

CEO Alex Karp has moved to sell $1.2 billion worth of the data analytics company’s stock. Discover the Best Stocks

Palantir’s stock surge—over 600% in one year, before this week’s slide—has made its CEO Alex Karp a wealthy man. Karp sold nearly $2 billion worth of company shares last year, with the bulk of sales taking place in a single month around the presidential election.

Palantir (PLTR) shares continued their downward spiral on Thursday, Feb. 20, dropping more than 5% and stoking concerns that one of retail traders’ most beloved tech picks may be losing steam. The decline adds to Wednesday’s 10% plunge — the stock’s worst single-day performance since May 2024 — after shares briefly touched an all-time high earlier