Check out what Yahoo Finance wrote yesterday…
Palantir Technologies Inc. sent a warning to investors Tuesday in its application to publicly list on the New York Stock Exchange, stating that the “overarching complexity” of privacy and data laws from country to country pose major compliance challenges for the data company.
Privacy has gone from something every sovereign citizen should expect to something that is merely an inconvenience for data analytics companies.
An inconvenient truth to be sure.
This isn’t necessarily a dig at Palantir, by the way.
It’s not as if the company is the only one in the space.
And certainly arguments can be made for the legitimate use of the company’s technology in an effort to provide law enforcement with certain tools it may need to protect and serve.
But that can also become a slippery slope.
You needn’t look any further than some of the constitutionally questionable tactics used by Homeland Security, the DEA, and even some local police departments throughout the country.
Truth is, in the wrong hands, this technology can wreak havoc on our constitutional and civil rights. So it should certainly be carefully monitored.
Of course, my thoughts on this could also have something to do with my age.
I say this because I have found quite a few millennials and Generation Z folks who don’t seem to have a problem trading privacy for convenience or for the promise of safety and security, which can come with uncomfortable caveats.
To be honest, I find it fascinating that so many people don’t treasure the gift of privacy… that they see it as something that can be easily trivialized — for the right price.
And this brings up an important question…
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If younger generations don’t truly value privacy, does this bolster the value proposition for companies like Palantir?
I don’t know the answer to this question, so I recently sat down with tech analyst Jason Stutman to get his take.
If you’re unfamiliar, Jason Stutman is one of the most successful tech analysts in the space.
And full disclosure: I’ve made a lot of money by following his recommendations.
Jason and I had an amazing conversation about this, and he clued me in on a few ways to profit from the loss of privacy.
Yes, I know. It sounds horrible to say.
The idea that I would seek to profit from something that isn’t inherently good for those who see their privacy as a gift as opposed to a tradable asset seems, well, kind of crappy.
But the reality is these kinds of data analytics companies aren’t going anywhere. And they’re going to make a lot of money.
So if I can wet my beak on that, I will — and make no apologies for doing it, either.
In any event, here’s the recording of the conversation I had with Jason.
We also got into a great discussion about automation and robotics and, of course, how he’s profiting from that right now.
I hope you enjoy it.
To a new way of life and a new generation of wealth…
Jeff Siegel
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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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