Palantir To Migrate UK Data Processing From The US


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • Defense and national security specialized data analytics firm Palantir Technologies Inc (NYSE:PLTR) looks to migrate its U.K. data processing operation from the U.S., Financial Times reports.
  • Palantir will offer U.K. clients the option of moving all data processing within the U.K. by 2022.
  • Palantir aims to better protect them from hacks and data leaks from security concerns. It will offer the same option in the E.U. 
  • Palantir’s move comes amid rising geopolitical tensions between China, Russia, and the west alongside new regulatory regimes pushing companies to Balkanise their data operations. 
  • New laws governing cross-border data would affect all businesses that use the internet to operate. 
  • Palantir processes sensitive health and national security data for U.K. public authorities. 
  • Palantir plans to hire 250 new U.K. employees and open a northern England office in 2022.
  • Palantir responded to a significant push from customers who want to contain data processing within the borders where they operate.
  • Price Action: PLTR shares traded lower by 1.69% at $18.03 in the premarket session on the last check Friday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: GovernmentNewsRegulationsTechMediaBriefs