Latest / Durham News Today | 2 Min News | The Daily News Now!
Burry’s Bearish Bet on Palantir | Durham News
Michael Burry, the 2008 housing crash predictor, is doubling down on his bearish bet against Palantir after calling its stock a “sand castle” — now he’s buying puts betting it’ll collapse to under $1. His core argument? Accounting red flags: massive unreported stock compensation gaps and tripling infrastructure obligations hiding future cash drains. Despite Palantir’s stellar Q2 earnings — revenue nearly doubled, GAAP net income and free cash flow soaring, CEO calling it “otherworldly” — Burry sees the numbers as misleading and overvalued. The clash between explosive growth and buried…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.