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 Technologies (NASDAQ:PLTR) shares had a brutal day, sinking 10% during regular trading and tumbling another 5% after hours. Investors

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.

Karp's comments on CNBC included an endorsement of Musk, stating, "I like Elon. He's obviously the most important builder in the world." Karp emphasized that the legitimacy of institutions is a critical issue facing modern society, and approved of the goals of the Department of Government Efficiency, an administration with significant ties to Musk.

CEO Alex Karp has moved to sell $1.2 billion worth of the data analytics company’s stock. Karp has adopted a Rule

Palantir CEO and Haverford College graduate Alex Karp thinks tech companies are lost, creating diversions for consumers instead of defending the nation,