Apple is a bully with too much power in the markets, says Palantir co-founder Joe Lonsdale

Joe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss Apple's monopoly power in the app store, news of EU regulators accusing Apple of breaching the bloc’s tech rules, state of the 2024 race, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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[@kurtKking]

I already own shares of TSLA, NVDA and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..

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If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.

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nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

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[@CarolineDaniel6]

One question, please! Is NVIDIA a safe buy to outperform the market this year? I'm tired of these new buys every week, just to make up some assets with a low percentage on my $236k portfolio and try to keep everything around 10%.

[@SharlaJordan3]

I've always advised the investors I know to exercise caution when it comes to new buys, especially right now. You should thread the market with the guidance of a qualified specialist or reliable counsel if you don't know where to look.

[@MerlinPetit]

@@SharlaJordan3 I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.

[@CarolineDaniel6]

@@MerlinPetit How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@MerlinPetit]

@@CarolineDaniel6 Victoria Carmen Santaella is the licensed advisor I use. Just research the name. You’ll find the necessary details to work with.

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[@kevinl20082008]

This guy si has some issues...

[@webonics]

Joe can't make it through a segment without campaigning for Trump. Gross.

[@wm6746]

they are for Free Market, until they are not 😂😂😂😂😂😂😂😂

[@avagelatos]

Joe Kernan is constantly editorializing. You are a Trump supporter, we get it, we don't need to be reminded 20x a day with every interview guest.

[@7mpest]

100% he’s a clown. We should at least make him put on a clown nose when he’s pushing this rubbish

[@paulgilliland2992]

He’s actually not a Trump support he just hates democrats and the woke mob that hang around.

[@zacharyfair6738]

that guy's smile in the first 10 sec looks so creepy lol

[@dgaz3057]

Gilligan

[@Maxdalova]

Everything is creepy! lol

[@jinny7303]

if u watch his interviews, hes got this weird thing where he can only look up at the camera but never straight at it.

[@HistoryRepeat]

@@jinny7303 its because he is a crook!!

[@idontwantone54]

Psycho vibes the whole time

[@bthink3610]

The guy from palantir is going after apple is this an SNL skit?

[@thomasdonohue4494]

They cut off the best part of that segment. What Lonsdale said to end the segment was spot on.

[@aliciamcphersony5025]

How stupid is this Palantir co-founder???? Got on CNBC for an interview and not say one thing about his company and what his company is doing for investors. Instead he focuses on his dislike of Apple business and got pulled into Joe’s BS on Trump. So disappointing because I was about to buy more Palantir stocks but not after this interview. He doesn’t seem very smart.

[@user-ll9qk2el4d]

I agree, and I'm a shareholder of Palantir. You're here to promote your company. I could care less about your political views. The same for Squawk Box. By the way, is it just me or is Joe Kernen having a hard time speaking a complete sentence these days? It's painful to watch him try to form a simple thought. The CEO has Martin Shkreli vibe.

[@flutist001]

What an awful discussion about Apple's (perceived) monopoly power in the App Store.

[@user-xh5zp5dr5w]

Apple is a saint compared to these guys

[@forretresss]

Palantir is a scam. What do they even do? Does he really think that criticizing Apple would make their company better?

[@ericwood3709]

I thought this was going to be about Apple, not Trump. I don't want all Trump news all the time. I've had more than enough of that in the last two cycles.

[@slytherben]

If not for EU, we'd all still be stuck with lightning cables. Thank God the EU FORCED Apple to switch to USB-C

[@MossMini]

EU has no innovations nor innovators. EU is run by Old Money Bearocrats only to protect them selves. Soon everything EU touches will be from America or China.

[@jiggs_1000]

Great environment for bureaucrats. Not great for business.

[@jiggs_1000]

@@wysiwyg1 Well said

[@francesco.b83]

I agree with him! In November we need to change! We need to vote for the right man 🇺🇸💪

[@paulgilliland2992]

Where is Sorken in the nice cool climate?

[@andreapigatto2762]

If there is no game with competitors what they should do? Introduce bugs to give them some advantage and wait for them? It’s like nvdia.. they are not monopolists.. simply they are too good compared to competitors in their market

[@Bradgilliswhammyman]

LOL.....Billionaires are rallying around the fact Trump is going to give them 1. more tax breaks at the expense of the middle class

[@internationalplayboy8685]

your mom loves Trump!

[@xiangweichen]

Wait... Even CNBC speaks for Trump? The tide is really turning!

[@Empty7able]

Why doesn't Joe just go over to Fox

[@plat809]

This guy is projecting what he is… he is a bully. Apple is just protecting their echo system.

[@briancase6180]

Yawn.... "I think a lot of people are saying...." Exactly what Trump says: "Many people are saying it." I can't believe CNBC stooped so low as to have this guy on their network, give him a platform. This is absolutely ridiculous.

[@AgathaWhispers]

How about the customer decide? This guys is a founder? All he is really saying that that business should make more money no matter the impact on actual paying customers? To recoup platform costs, Apple may have to start charging for IOS updates.

[@seiwonlee]

Joe, your covid wallet app made no sense, you need some gov't support/certification to validate what's in there, the same way a driver's license can't just be added to some app and automatically gain legitimacy.

[@rtorcato]

This guy is jealous of Apple's success. Palantir should still be a $5 stock.

[@vetoproductions7071]

$504 you mean. They are raping Steve jobs's creation. cry harder

[@Koi-addict33]

Pltr will be over 100 by this time next year 💯👌🏻

[@rtorcato]

@@Koi-addict33 have you used their software or just going by KZbinrs pumping the stock?

[@IakonaWayne]

Joe looks evil

[@Nk32483]

The coke is good for today

[@vernearase3044]

Yet another rich guy willing to give up principles to curry political favor with the one candidate who _can_ be bribed. Palantir probably sees Apple getting into contextually aware applications on the consumer side, just like his company attempts to do the on the enterprise side. They are definitely competitors, though they aren't _currently_ operating in the same domains.

[@Mostly_bad]

Cry me a river! I didn't like Biden until I heard him talk.

[@dannyward9766]

Wtf? I got on here to hear about Apple (I own the stock) and next thing I know it's turned to politics.

[@francesco.b83]

I agree with Joe

[@nicolasnicolas6468]

Worried that european regulators are pretty crazy? On What basis. Silly and an unfounded claim 😉

[@Sinh499]

Huh? This guy sounds crazy

[@hussienalsafi1149]

☺️☺️☺️☺️

[@TESLAAEROSPACE]

Gret

[@traviswes7082]

Majority of traders and market stakeholders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

[@lppoqql]

With open source Model and power of compute getting cheaper, Palantir will become less relevant because some kid in a basement can do what they do now.

[@Needglory23]

Cry baby

[@7mpest]

Right wing MAGA dribble. CNBC should be better than this.

[@internationalplayboy8685]

CNBC is ultra liberal, that's how bad Biden is, even the liberals hate him.

[@Cammimullens]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

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There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist

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