European Money Pours into Palantir

Lucasoato•about 1 hour ago

> This is according to data compiled by an international investigation coordinated by Follow The Money, a platform for independent journalism, and in which EL PAÍS participated.

The catchphrase "Follow the money" originated in a docuseries related to Nixon and the watergate scandal, but was also Giovanni Falcone's investigative method, based on tracing Mafia through their money laundering initiatives.

mgh2•about 2 hours ago

Not sure why this matters as most pension index funds also include Meta by the same lines... everyone buying into these indexes is complicit, no surprise

swiftcoder•about 1 hour ago

We've successfully campaigned to make many of those same investors divest from fossil fuel investments. I don't see why investments in crazy surveillance tech should get a pass (and yes, Meta absolutely falls in the same bucket)

repelsteeltje•about 1 hour ago

This. Giving markets free reign, usually doesn't result in alignment with long term best interests or political objectives.

It took years of activism and voting with our money to get banks, pension funds and similar institutions to stop funding cluster munitions, land mines, nukes, oil, tabacco. Now big tech and some AI companies are on the radar.

tclancy•about 1 hour ago

I've been regularly thinking about Apartheid-era South Africa. It was a massive Thing for me as a Catholic school kid in the '80s because it seemed (to me) so clearly wrong yet accepted. There were clearly "lefties" making it visible without a lot happening but then "How did you go bankrupt? Two ways: Gradually, then suddenly" happened. And a lot of it started with university students petitioning their schools to divest and that spreading. It will not be fast, but these things can happen and we should start to build a framework for it.

And yes, yes, Enemies Lists are fraught with problems and have a history of eating themselves, etc. But the one thing I know is worse is not trying.

newsclues•34 minutes ago

South Africa is really thriving these days eh? Any day those lefties will turn the nation around!!! right?

ramon156•about 2 hours ago

https://archive.is/FwMMp

jmclnx•about 1 hour ago

To me, investing in any AI company is very risky, 1 step above junk bonds :)

akie•17 minutes ago

So disappointing

European Money Pours into Palantir

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