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Palantir leaned on DC lobbying to build a relationship with its biggest client

Palantir executives like to paint themselves as Washington outsiders who have depended on the sheer quality of their software to crack through the sclerotic bureaucracy that controls access to the Pentagon budget.

But in a story published over the weekend, the Financial Times points out that the company cofounded by politically connected right-wing billionaire Peter Thiel is pretty adept at the inside game. The FT reports:

Analysis reveals the US group’s sprawling influence network which includes: deep ties with largest client, the Department of Defense; a six-fold increase in lobbying spending in the US in the past decade; and creating a non-profit foundation to fund academic research and shape policy discussions.

Analysis reveals the US group’s sprawling influence network which includes: deep ties with largest client, the Department of Defense; a six-fold increase in lobbying spending in the US in the past decade; and creating a non-profit foundation to fund academic research and shape policy discussions.

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Netflix rises on announcement of its 10-for-1 stock split

Netflix’s subscription prices keep rising, but its shares are about to get a bit cheaper.

On Thursday, the streamer announced it’ll perform a 10-for-1 forward stock split. On November 17, traders who own a single Netflix share will own 10 shares, though the company’s underlying value will remain the same.

Netflix shares have surged about 270% over the past three years to $1,089 as of today’s close, as the streamer has captured more of the streaming market share. The stock rose roughly 3% in after-hours trading on Thursday following the announcement.

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