over 2 years ago • 4 mins
I’m Pierre Rognion, a user experience consultant.
A mid- to long- term (~10 year) investment in Snowflake (ticker: SNOW).
After Snowflake went public in 2020, it’s been a hilly ride for investors. Clearly Snowflake is a high-potential/high-volatility company, due to its disruptive approach to cloud-based technologies. They have built a robust product that is used by nearly 30% of the Fortune 500, including Adobe, BlackRock, Instacart, Lime, Rakuten, Twilio, and many others.
Snowflake has attracted the attention of famous names such as Warren Buffett and Cathie Wood, which probably explains the huge hype around this stock. But currently at a ~20% pull-back from its highs, we could be at a good entry point. What comes next could propel Snowflake to grow exponentially in coming years.
Snowflake is a cloud computing-based data warehousing company. It was founded in 2012 by three data warehousing experts: Benoit Dageville, Thierry Cruanes, and Marcin Zukowski. The company offers cloud-based data storage and analytics services. Snowflakes is designed to run on top of existing cloud technologies, whether they are from Amazon, Microsoft, or Google.
It’s a cloud-agnostic technology that can be used both by startups interested in performance and scalability and big companies that have a high level of database complexity – and often have different regions using different clouds. Snowflake is built to make it all work smoothly, by eliminating data silos.
Develop its international presence and community, improve performance, reduce costs, and develop new products and services, while improving customer retention.
This insight was submitted by a community member for information and educational purposes. It doesn't represent the views of the Finimize team and shouldn't be taken as financial advice.
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