Looks to be live. Just invested a massive fiver. Lambo soon
Sorry for the delay, everyone, we had some pricing issues.
The good news is that $SNOW is live on your app now, and we’re working to fix the historical pricing issue.
Damn it’s up over 200% - oh now I don’t know if I want to invest yet, it is just a freakin database at the end of the day isn’t it?
$270?! That escalated quickly!
Nice FX rate!
Good sign of a bubble - when valuations are inexplicable to people working in the industry, but money flows in anyway because of fomo.
Tbh, I’ll just keep buying more Amazon.
Snowflake sells a database in the cloud that primarily relies on infrastructure from Amazon Web Services and has committed to spending $1.2 billion on technology from AWS over five years.
I hope for a time when Amazon will be broken up and AWS floats.
Did anyone buy in on FT?
There is a lot of risk in the IPO process for investors. If someone believed a company was worth £5 per share it would not be a wise move to pay £5 per share per IPO.
Might be a chance to get in coming up. Not yet for me though
When would you go in?
I wish I knew
The market cap is wrong for a few other companies as well.
Does anyone else think there are a bit too many high-cap ‘cloud’ players in the market now?
Seems ripe for some kind of correction and almost inevitable there will be some kind of competitor consolidation from 2-3 winners.
Globally speaking, it’s still a fairly low percentage of companies that use cloud services. So there’s a staggering growth potential still. Not taking into consideration all the growth coming from existing cloud users. There’s no other IT service that I am this bullish on (working in a cloud-native infrastructure myself).
What’re your thoughts on Palantir? Seems there’s a lot of hype around it at the moment