Palantir CEO criticizes short sellers for betting against successful companies to fund their personal expenses.

• In an interview with CNBC on Wednesday, Palantir CEO Alex Karp criticized short sellers.
• "Nothing brings more joy to a human than removing cocaine from short sellers," he stated.
• On March 6, Palantir's shares increased by 9.8% after the U.S. Army chose its Tactical Intelligence Targeting Access Node.

In an interview with CNBC on Wednesday, CEO Alex Karp criticized short sellers, who bet on the decline of a company's stock price.

"Karp expressed his love for taking away the lines of cocaine from short sellers who are going short on great American companies, including his own, in order to pay for their drug addiction."

On March 6, Palantir's shares increased by 9.8% after the U.S. Army chose TITAN, an artificial intelligence-based targeting system, for its missile targeting needs.

If a stock's price increases, short sellers may be obligated to repurchase shares at a substantial loss.

"If they can't pay their bills, we'll lead their coke dealers to their homes," Karp said. "We'll do our part, you do yours."

As of late February, approximately 5% of Palantir's publicly available outstanding shares were being sold short, resulting in a 47% increase in the company's share price this year.