By the Daily Post staff
Palantir, the data analytics company that has often been the focus of protests in Palo Alto for its contracts with the federal government, has moved its headquarters from Palo Alto to Denver. But it appears the company is retaining its offices in downtown Palo Alto.
The move was first reported by the Denver Business Journal. Palantir’s website has been updated to show that its headquarters are in Denver, and that Palo Alto is just one of five locations where the company has offices.
The news isn’t a surprise. In May, CEO Alex Karp told “Axios on HBO” that his company was “getting close” to deciding whether to leave Palo Alto.
Karp blamed the “increasing intolerance and monoculture” of Silicon Valley for the company’s move.
Protesters have targeted Palantir, whose offices are in several downtown Palo Alto locations, for selling technology to federal agencies such as Immigration and Customs Enforcement. The demonstrators claimed Palantir’s customers violated human rights.
Karp admitted that some of his favorite employees resigned over the controversies.
“I had people protesting me. People protesting me, some of whom I think asked really legitimate questions,” said Karp in an interview that aired May 24. “I’ve asked myself if I were younger, at college, would I be protesting me? And you know, it depends?”
Co-founder Peter Theil told the Wall Street Journal in 2013 that Silicon Valley wasn’t an ideal place for startup companies any more.
“We have to figure out ways to make housing more affordable in these places,” Thiel said. “When people start companies they are typically getting paid in equity and not a large salary. The way rent and housing costs have gone through the roof in a number of cities where people go to start companies is a tremendous problem. Zoning rules, while well-intentioned, have had the effect of making it almost impossible for people to take a pay cut and make a leap.”