Well all I know about Snowflake is that they all have six points, no two are alike, and usually fall in the winter.
I'm sure you all know about the IPO which just today (SNOW) is valued around $70 BILLION (with a B).
Well let's see. Last year they did annual revenue of $265 million, while LOSING $171 Million.
Hmmmmm.... so I guess a lot of that $70 Billion (with a B) market valuation is based on future promise... oh I get it (and that apparently Warren Buffet is fan).
Okay gang, just waiting for the FUTURE PROMISE of BSGM to get even a sliver of that... sigh
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Founded in 2012, Snowflake is a challenger to Amazon.com Inc. as a provider of data warehouse technology, which compiles information from different systems so clients can analyze it together in the same place. In the fiscal year that ended Jan. 31, Snowflake’s revenue soared 174% to $264.7 million compared with the previous year, the company reported. In the sixth months ended July 31, the company lost $171 million on revenue of $242 million.