Billionaire Peter Thiel’s Palantir pops – 3 more of his ideas that might crop up next
Everything Peter Thiel touches seems to turn to gold.
The billionaire venture capitalist co-founded PayPal, was the first outside investor in Facebook, and provided early funding for LinkedIn, Yelp, and dozens of other tech startups.
In September 2020, data mining specialist Palantir Technologies – another company he co-founded – went public via a direct listing at $ 10.00 per share.
Palantir is now trading at around $ 24 a share and is currently enjoying a nice little pop on the news that it has won an $ 823 million contract with the U.S. military.
Let’s take a look at three other stocks in Thiel’s portfolio that might recover next – one of them might be worth buying with your spare currency.
2020 has been a great year for Peter Thiel. Three months after Palantir’s IPO, Airbnb completed its IPO.
And that was quite the start.
The company’s price was originally $ 68 per share. On its first day of trading, December 10, it closed at $ 144.71, marking a gain of 113%.
Known for its online vacation rental platform, Airbnb has survived the worst of the pandemic. And his finances are now on the rise.
In the second quarter of 2021, the company reported 83.1 million nights and experiences booked. This was up 197% from the second quarter of 2020.
Revenue totaled $ 1.3 billion for the quarter, up nearly 300% year-over-year, and also exceeded levels in the second quarter of 2019.
In other words, Airbnb is generating more revenue than even compared to pre-pandemic levels.
Since the start of the year, the stock has returned around 15%. Other travel stocks such as Tripadvisor and Expedia are also up double-digit in 2021.
Of course, with COVID variants still hidden away, investing in vacation space isn’t easy.
The good news? If you’re hesitant to get started, some investing apps will give you a free share of Airbnb or Tripadvisor just for signing up.
When the COVID-19 pandemic struck in early 2020, rideshare technologist Lyft’s actions took a massive plunge. And for good reason.
In a time when people were stuck at home, who needed to move?
But with much of the economy reopening, it’s fair to say that Lyft has regained its momentum. The stock has risen 105% in the past 12 months.
Thiel was one of Lyft’s first backers and would certainly be proud of what the company has become.
In the second quarter, Lyft generated $ 765 million in total revenue, representing a 125% year-over-year increase and a 26% improvement sequentially.
Although Lyft runs a growing business, it is a bit smaller than its competitor Uber Technologies in terms of market capitalization. Uber is also garnering renewed attention from investors, with shares rising about 29% in the past year.
At this point, Thiel has only a relatively small stake in social media giant Facebook. But he continues to serve on the board – a position he has held since 2005.
Facebook grabbed the headlines earlier this week due to its massive outage, which also cut its other products, including Instagram, Whatsapp, Messenger and Oculus.
Shares fell more than 5% on the news.
That said, the stock has rewarded investors with a commendable 24% return to date, easily outperforming the S&P 500.
Facebook is a monster in the social media space, with a market cap of over $ 900 billion. For context, that’s much more important than the market capitalization of Twitter, SnapChat, and Pinterest combined.
And despite its already established presence, the company has continued to expand its reach.
In the second quarter, monthly active Facebook users grew 7% year-over-year to 2.9 billion. Across the company’s entire product line, MAUs increased 12% to $ 3.51 billion.
Facebook is trading at a seemingly high price of $ 335 per share. But you can get a part of the business by using a stock trading app that lets you buy fractions of shares with as much money as you are willing to spend.
The secret asset of the super-rich
While these tech stocks have tons of long-term potential, they can still drop sharply in the event of a global market crash.
If you want to invest in something that has little correlation to the ups and downs of the stock market, you might want to consider a overlooked asset – fine art.
Investing in fine art like Banksy and Andy Warhol was only an option for the ultra-rich like Thiel.
But with a new investment platform, you can also invest in iconic works of art.
On average, contemporary works of art gain in value by 14% per year, easily exceeding the 9.5% average returns you would get with the S&P 500.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.