News

Palantir moves headquarters from Palo Alto to Denver

Source: Tech company plans to keep some local presence

Palantir Technologies' pervious headquarters at 100 Hamilton Ave. in Palo Alto. Embarcadero Media file photo.

Palantir Technologies Inc. hasn't yet publicly announced it, but the software company has moved its headquarters out of Palo Alto to Denver, Colorado.

The $20 billion, data-analysis company has come under scrutiny and multiple protests in Palo Alto for allegedly tracking immigrants for the U.S. Immigration and Customs Enforcement (ICE) and counterintelligence agencies, among other data it collects.

Palantir lists Denver as its headquarters on its website and on social media pages. A source familiar with the company told the Weekly on Thursday that the information on the website is accurate. The company will still have a presence in Palo Alto and expects that some employees will transfer to Denver, but the number is not yet known and would happen sometime later.

Multiple local and national media outlets reported the news on Wednesday.

Palantir has been scaling back its footprint over the past few years. CEO Alex Karp has made it clear that he isn't happy with Palo Alto's political landscape.

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In a May interview, he told Axios that he was considering moving to Colorado due to the "increasing intolerance and monoculture of Silicon Valley."

Palantir has 1,400 employees worldwide with an estimated 350 to 400 in Palo Alto. A company spokesperson declined to comment on the move, citing that Palantir is in a U.S. Securities and Exchange Commission "quiet period," in which SEC rules mandate a company must maintain silence when it files a registration statement to go public until SEC staff declare the registration statement "effective." Federal securities laws limit what information a company and related parties can release to the public. Failure to comply is referred to as "gun-jumping."

Palantir's tenure in Palo Alto has at times been rocky. The company faced multiple protests outside its headquarters at 100 Hamilton Ave. for its data relationship with ICE. In 2017, tech workers protested concerns that the company might work with President Donald Trump's administration to create a Muslim registry.

In 2016, the company faced a U.S. Department of Labor lawsuit for alleged discrimination against Asian job applicants. The company settled the lawsuit in 2017 for $1.7 million in back wages.

The company also riled neighbors in the city that same year when it took over a Cubberley Community Center soccer field for its annual employee party.

Palantir also made community contributions while based in Palo Alto. The company launched a computer-coding after-school program for low-income youth in 2015 through the Palo Alto Unified School District.

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Palantir moves headquarters from Palo Alto to Denver

Source: Tech company plans to keep some local presence

by / Palo Alto Weekly

Uploaded: Thu, Aug 20, 2020, 9:49 am
Updated: Thu, Aug 20, 2020, 10:39 am

Palantir Technologies Inc. hasn't yet publicly announced it, but the software company has moved its headquarters out of Palo Alto to Denver, Colorado.

The $20 billion, data-analysis company has come under scrutiny and multiple protests in Palo Alto for allegedly tracking immigrants for the U.S. Immigration and Customs Enforcement (ICE) and counterintelligence agencies, among other data it collects.

Palantir lists Denver as its headquarters on its website and on social media pages. A source familiar with the company told the Weekly on Thursday that the information on the website is accurate. The company will still have a presence in Palo Alto and expects that some employees will transfer to Denver, but the number is not yet known and would happen sometime later.

Multiple local and national media outlets reported the news on Wednesday.

Palantir has been scaling back its footprint over the past few years. CEO Alex Karp has made it clear that he isn't happy with Palo Alto's political landscape.

In a May interview, he told Axios that he was considering moving to Colorado due to the "increasing intolerance and monoculture of Silicon Valley."

Palantir has 1,400 employees worldwide with an estimated 350 to 400 in Palo Alto. A company spokesperson declined to comment on the move, citing that Palantir is in a U.S. Securities and Exchange Commission "quiet period," in which SEC rules mandate a company must maintain silence when it files a registration statement to go public until SEC staff declare the registration statement "effective." Federal securities laws limit what information a company and related parties can release to the public. Failure to comply is referred to as "gun-jumping."

Palantir's tenure in Palo Alto has at times been rocky. The company faced multiple protests outside its headquarters at 100 Hamilton Ave. for its data relationship with ICE. In 2017, tech workers protested concerns that the company might work with President Donald Trump's administration to create a Muslim registry.

In 2016, the company faced a U.S. Department of Labor lawsuit for alleged discrimination against Asian job applicants. The company settled the lawsuit in 2017 for $1.7 million in back wages.

The company also riled neighbors in the city that same year when it took over a Cubberley Community Center soccer field for its annual employee party.

Palantir also made community contributions while based in Palo Alto. The company launched a computer-coding after-school program for low-income youth in 2015 through the Palo Alto Unified School District.

Comments

Norman Beamer
Registered user
Crescent Park
on Aug 20, 2020 at 10:13 am
Norman Beamer, Crescent Park
Registered user
on Aug 20, 2020 at 10:13 am
52 people like this

Good-by to another arrogant Master of the Universe.


Mama
Registered user
Crescent Park
on Aug 20, 2020 at 10:33 am
Mama, Crescent Park
Registered user
on Aug 20, 2020 at 10:33 am
60 people like this

This is a good first step in taking back our downtown from over development.


Rezone for Apartment Buildings
Registered user
Crescent Park
on Aug 20, 2020 at 10:50 am
Rezone for Apartment Buildings, Crescent Park
Registered user
on Aug 20, 2020 at 10:50 am
37 people like this

Now is the chance to rezone all those office buildings downtown for apartment buildings


Neighbor
Registered user
Triple El
on Aug 20, 2020 at 11:39 am
Neighbor, Triple El
Registered user
on Aug 20, 2020 at 11:39 am
33 people like this

good riddance


Small business owner
Registered user
Old Palo Alto
on Aug 20, 2020 at 11:50 am
Small business owner, Old Palo Alto
Registered user
on Aug 20, 2020 at 11:50 am
35 people like this

Best news I’ve heard all day!


chris
Registered user
University South
on Aug 20, 2020 at 12:20 pm
chris, University South
Registered user
on Aug 20, 2020 at 12:20 pm
22 people like this

Yes, replace their buildings with housing.

Residrntialists: Time to step up and start saying YES to something. Show us that NO is not the only word in your vocabulary.


chris
Registered user
University South
on Aug 20, 2020 at 12:22 pm
chris, University South
Registered user
on Aug 20, 2020 at 12:22 pm
9 people like this

Palantir now has more than 2,500 employees worldwide.


DTN Paul
Registered user
Downtown North
on Aug 20, 2020 at 1:31 pm
DTN Paul, Downtown North
Registered user
on Aug 20, 2020 at 1:31 pm
19 people like this

I look forward to some of the buildings Palantir vacates becoming retail. That would be nice.


Online Name
Registered user
Embarcadero Oaks/Leland
on Aug 20, 2020 at 1:35 pm
Online Name, Embarcadero Oaks/Leland
Registered user
on Aug 20, 2020 at 1:35 pm
39 people like this

Retail?? Instead of offices??? You mean we'd have a reason to go downtown again?? Alert the Chamber of Commerce. And those candidates who are STILL pushing for more offices and commuters while ignoring residents.


Mama
Registered user
Crescent Park
on Aug 20, 2020 at 1:38 pm
Mama, Crescent Park
Registered user
on Aug 20, 2020 at 1:38 pm
20 people like this

I think this is a very good time to take a step back before committing to any new housing or developments. The consequences of Covid and over taxation in California may take a huge toll on business here and life as we know it. The exodus from California of businesses and residents may leave us with profound longterm consequences. Already employees are starting to work more from home, and that may put them out of our high cost area or even our state. Exiting businesses will also have that effect. Let’s not build a lot of housing for employees who won’t work for departed businesses. I look forward to the return of downtown retail.


Anne
Registered user
Midtown
on Aug 20, 2020 at 1:44 pm
Anne, Midtown
Registered user
on Aug 20, 2020 at 1:44 pm
24 people like this

Best news I've heard in a while.


Abitarian
Registered user
Downtown North
on Aug 20, 2020 at 1:45 pm
Abitarian, Downtown North
Registered user
on Aug 20, 2020 at 1:45 pm
36 people like this

Palantir has offices downtown in spaces that were previously retail. These should revert back to resident-serving retail.

Generally, I agree that vacated office buildings should be converted to housing, but don't forget retail and other community-based services (therapists, etc.)

As a downtown resident, I would love to get my needs met within walking distance, but there are fewer and fewer businesses that cater to everyday people.


Abitarian
Registered user
Downtown North
on Aug 20, 2020 at 1:54 pm
Abitarian, Downtown North
Registered user
on Aug 20, 2020 at 1:54 pm
8 people like this

Or park space. Some cities have nice little parks interspersed among other buildings.


chris
Registered user
University South
on Aug 20, 2020 at 3:00 pm
chris, University South
Registered user
on Aug 20, 2020 at 3:00 pm
4 people like this

abitarian,

Do you realize that Palo Alto was way over stored (with retail and restaurants) even prior to COVID? Adding more retail will just make for more suffering among the retail that remains after COVID. Much retail will never come back.

In any case, most Palantir employees are in mid-rise office buildings, not in former store fronts. The number of Palantir employees won't drop dramatically initially but the gradual reduction in demand for office space will make housing more economically feasible.


Gale Johnson
Registered user
Adobe-Meadow
on Aug 20, 2020 at 3:35 pm
Gale Johnson, Adobe-Meadow
Registered user
on Aug 20, 2020 at 3:35 pm
17 people like this

Let’s hear from the PAF folks about how this will affect their organization and goals. Many of the more business friendly candidates for CC a few years ago were Palantir friendly and PAF members.


Anonymous
Registered user
Duveneck/St. Francis
on Aug 20, 2020 at 3:39 pm
Anonymous, Duveneck/St. Francis
Registered user
on Aug 20, 2020 at 3:39 pm
25 people like this

Not sorry to see reduction of Palantir - HQ may have moved, but there still is “an office” in Palo Alto, according to what I read in the Post. That’s ok.....
I vastly prefer retail to actually be retail, not crammed office spaces filled with big desks where programmers plug in cheek to jowl....(however luxury the location).
SW should generally be located with Big Tech up on Page Mill Blvd in Stanford Industrial Park. Right?
The character of downtown Palo Alto needs some rejuvenation. Services and retail (but, please, no emphasis on nail salons, hair salons, snobby “gyms.”)
Oh, for some past successes to return - it’s hard tomrecall, but....establishments like Borders Books, PA Sport and Toy, the framing place that is now on El Camino Real in Redwood City (not a location to stroll by!) I faintly remember that gift shop (Hamilton) and a jewelry store (Emerson by the underground garage). And no, I’m not elderly. Just supplying a few quick examples that come to mind of pleasant retail that couldn’t afford to stay or whose building was re-developed, etc. Services are good, too...
I like walkable, friendly downtowns with an array of retail. Avoidance of angry, biased political statements would also help.


commonsense
Registered user
Professorville
on Aug 20, 2020 at 5:08 pm
commonsense, Professorville
Registered user
on Aug 20, 2020 at 5:08 pm
19 people like this

More retail? Seriously? Retail will never be what it was. The most you could hope for would be restaurants. Whoops, who's getting into that business? Gyms, flower shops, residential in small one story open buildings? Pretty much all of these commentors need a reality check.


Online Name
Registered user
Embarcadero Oaks/Leland
on Aug 20, 2020 at 5:18 pm
Online Name, Embarcadero Oaks/Leland
Registered user
on Aug 20, 2020 at 5:18 pm
25 people like this

"Let’s hear from the PAF folks about how this will affect their organization and goals. Many of the more business friendly candidates for CC a few years ago were Palantir friendly and PAF members."

Maybe PAF folks-- and their Chamber of Commerce and YIMBY buddies -- could start banning company cafeterias like Palantir's instead of pretending to care about the poor restaurants during the pandemic NOW that all those workers are working at home and proposing to charge US a dining surcharge. The restaurants and their staff restaurants will tell you how badly they were hurt by all those Palantir employees eating in-house while parking downtown long before Covid.

Remember it's the PAF/Palantir folks who sit/sat on the MTC board who decided we should also pay commuters to commuting expenses.

As always, watch who's funding whom.


Mark Weiss
Downtown North

Registered user
on Aug 20, 2020 at 7:19 pm
Name hidden, Downtown North

Registered user
on Aug 20, 2020 at 7:19 pm

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Mark Weiss
Downtown North

Registered user
on Aug 20, 2020 at 7:26 pm
Name hidden, Downtown North

Registered user
on Aug 20, 2020 at 7:26 pm

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Mark Weiss
Downtown North

Registered user
on Aug 20, 2020 at 7:27 pm
Name hidden, Downtown North

Registered user
on Aug 20, 2020 at 7:27 pm

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