Palantir CEO: Were in this for the long haul

Palantir shares are down 40 percent over the past two months. Joe Terranova, Virtus investment partners senior managing director, says he wants to buy the stock, but says he needs more visibility on the diversification of the platform. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Palantir Technologies CEO Alex Karp sharply criticized Wall Street on Tuesday, saying theres too much emphasis on nearterm gains at the expense of developing healthy, longlasting companies. Karp made the comments in an interview with CNBCs Wilfred Frost as part of an event hosted by The Executives Club of Chicago. The remarks were later aired on CNBCs Closing Bell. We told the Wall Streeters that we will focus on building the longterm health of our company, that we are going to invest in our product development and in our clients, and you just have to battle it out with them, said Karp, also a Palantir cofounder. The developer of data analysis software went public via