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Palantir Technologies, Inc.
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==== Risks related to legal laws, regulations and accounting ==== # The business is subject to complex and evolving U.S. and non-U.S. laws and regulations regarding privacy, data protection and security, technology protection, and other matters. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in claims, changes to business practices, monetary penalties, increased cost of operations, or otherwise harm to business.<ref name=":2" /> # More generally, some observers have noted the CCPA could mark the beginning of a trend toward more stringent privacy legislation in the United States, as observed with the subsequent adoption of state-level comprehensive consumer privacy legislation, including the following (collectively, the “State Privacy Laws”): ## the Virginia Consumer Data Protection Act, which was enacted in March 2021 and became effective on January 1, 2023; ## the Colorado Privacy Act, which was enacted in June 2021, and will become effective on July 1, 2023; ## the Utah Consumer Privacy Act, which was enacted in March 2022, and will become effective December 31, 2023; ## Connecticut’s Act Concerning Personal Data Privacy and Online Monitoring, which was enacted in May 2022 and most of which will become effective July 1, 2023; and ## Iowa’s Act Relating to Consumer Data Protection, which was enacted in March 2023 and will become effective January 1, 2025.<ref name=":2" /> # Failure to comply with governmental laws and regulations could harm business, and the company has been, and expect to be, the subject of legal and regulatory inquiries, which may result in monetary payments or may otherwise negatively impact our reputation, business, and results of operation.<ref name=":2" /> # Palantir has previously been, and are currently, or in the future may become, involved in a number of legal, regulatory, and administrative inquiries and proceedings, and unfavourable outcomes in litigation or other of these matters could negatively impact business, financial conditions, and results of operations.<ref name=":2" /> # Governmental trade controls, including export and import controls, sanctions, customs requirements, and related regimes, could subject the company to liability or loss of contracting privileges or limit its ability to compete in certain markets.<ref name=":2" />
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