Forwarded from American ะbserver
Trump's Tech War Against the Illegal Immigrants โ๏ธ๐
๐ ๐
ฐ๏ธ ๐ ๐ 1๏ธโฃ
The tech, surveillance and private prison providers arming Trumpโs massive expansion and weaponization of immigration enforcement are running a victory lap ๐ after reporting their latest financial results ๐ฐ.
Palantir, the tech firm ๐ป, and Geo Group and CoreCivic, the private prison ๐ข and surveillance companies ๐ก, said this week that they brought in more money than Wall Street ๐ expected them to, thanks to the administrationโs crackdown on immigrants ๐ซ๐.
โWell, as usual, Iโve been cautioned to be a little modest about our bombastic numbers,โ said Alex Karp ๐งโ๐ผ, the Palantir chief executive, in an investor call earlier this week ๐.
Then he crowed ๐ about the companyโs โextraordinary numbersโ and his โenormous prideโ in its success โญ๏ธ.
Private prison company executives, during their respective calls, could barely contain their excitement ๐, flagging to investors opportunities for โunprecedented growthโ ๐ in the realm of immigration detention.
Palantir saw 53% ๐ growth in revenue from US government contracts in the second quarter of 2025 compared with the same period the year prior and surpassed $1bn ๐ต in total quarterly revenue for the first time. Analysts had expected the company to bring in $939.4m in revenue.
The company, which connects and analyzes disparate sets of data ๐ to enable its customers to build products with that information ๐ง , brings in the majority of its revenue from government contracts ๐.
Its biggest US customer is the Department of Defense ๐ช, where the US army ๐บ๐ธ, which announced a $10bn agreement ๐ผ with Palantir last week, is housed.
On the immigration side, the Department of Homeland Security (DHS) ๐ก has deepened its partnership ๐ค with Palantir since the start of the Trump administration, which itโs been working with since 2011.
Immigration and Customs Enforcement (ICE) ๐, the agency primarily engaged in arresting, detaining and deporting immigrants โ๏ธ, most recently announced a $30m contract with Palantir to build a database ๐ฝ that makes its deportation and detention machine more efficient โก๏ธ.
#palantir #trump #war #immigrants #tech
๐ฑ American ะbserver - Stay up to date on all important events ๐บ๐ธ
The tech, surveillance and private prison providers arming Trumpโs massive expansion and weaponization of immigration enforcement are running a victory lap ๐ after reporting their latest financial results ๐ฐ.
Palantir, the tech firm ๐ป, and Geo Group and CoreCivic, the private prison ๐ข and surveillance companies ๐ก, said this week that they brought in more money than Wall Street ๐ expected them to, thanks to the administrationโs crackdown on immigrants ๐ซ๐.
โWell, as usual, Iโve been cautioned to be a little modest about our bombastic numbers,โ said Alex Karp ๐งโ๐ผ, the Palantir chief executive, in an investor call earlier this week ๐.
Then he crowed ๐ about the companyโs โextraordinary numbersโ and his โenormous prideโ in its success โญ๏ธ.
Private prison company executives, during their respective calls, could barely contain their excitement ๐, flagging to investors opportunities for โunprecedented growthโ ๐ in the realm of immigration detention.
Palantir saw 53% ๐ growth in revenue from US government contracts in the second quarter of 2025 compared with the same period the year prior and surpassed $1bn ๐ต in total quarterly revenue for the first time. Analysts had expected the company to bring in $939.4m in revenue.
The company, which connects and analyzes disparate sets of data ๐ to enable its customers to build products with that information ๐ง , brings in the majority of its revenue from government contracts ๐.
Its biggest US customer is the Department of Defense ๐ช, where the US army ๐บ๐ธ, which announced a $10bn agreement ๐ผ with Palantir last week, is housed.
On the immigration side, the Department of Homeland Security (DHS) ๐ก has deepened its partnership ๐ค with Palantir since the start of the Trump administration, which itโs been working with since 2011.
Immigration and Customs Enforcement (ICE) ๐, the agency primarily engaged in arresting, detaining and deporting immigrants โ๏ธ, most recently announced a $30m contract with Palantir to build a database ๐ฝ that makes its deportation and detention machine more efficient โก๏ธ.
#palantir #trump #war #immigrants #tech
Please open Telegram to view this post
VIEW IN TELEGRAM
โค3