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2021-09-17

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PLTR Stock Pushes Higher on Connected Vehicle Partnership

Palantir Technologies(NYSE:PLTR) stock is on the move Thursday following news of a deal with Wejo to

PLTR Stock Pushes Higher on Connected Vehicle Partnership

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The company has signed a merger agreement with special purpose acquisition company (SPAC) Virtuoso Acquisition(NASDAQ:VOSO).\nThe deal between Wejo and Palantir Technologies will combine the former’s data asset with the latter’s Foundry platform. This should allow the two to illuminate use cases from the 16 billion data points per day that Wejo collects.\nSarah Larner, executive vice president of Strategy & Innovation at Wejo, said the following about the deal boosting PLTR stock higher today.\n\n “The partnership between Wejo and Palantir is ultimately about delivering on the promise of connected vehicle data to improve the way we live, work, and travel for the better. It’s about putting our DataForGoodTM products and services to work, and making a safer and better transportation experience. The partnership is accelerating the invaluable connected vehicle data insights we can give.”\n\nPLTR stock is seeing heavy trading today following news of its deal with Wejo. 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PLTR Stock Pushes Higher on Connected Vehicle Partnership

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