Snowflake stock is risky?
https://seekingalpha.com/article/4375251-snowflake-may-melt-your-eyes Any comments? Wondering why the net losses keep increasing...the reason wasn't mentioned by the author. The author surely is wary of the Big3 but couldn't give solid reasoning. I personally feel the marketplace for companies to sell their data is amazing.
Like rest of the market, this stock is inflated too. Nothing new here.
Like most other ipo's $SNOW is also over hyped. So my gut feeling is that it will go down. I am thinking of adding some position after their first earnings report
They need to pay Amazon, Google and Microsoft for cloud. Most of the share from customer goes to these cloud vendors, so losses are inevitable.
yes I understand that SNOW has high growth rate and that it's hard for users to migrate off from SNOW. But how can SNOW become profitable in future? What's their strategy?
No shit! Sherlock.