Palantir CEO: We’re 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 there’s too much emphasis on near-term gains at the expense of developing healthy, long-lasting companies. Karp made the comments in an interview with CNBC’s Wilfred Frost as part of an event hosted by The Executives’ Club of Chicago. The remarks were later aired on CNBC’s “Closing Bell.” “We told the Wall Streeters that we will focus on building the long-term 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 co-founder. The developer of data analysis software went public via