
SNOW Shares Plunge 14% as Snowflake Shares Posts Revenue Guidance
The below-than-expected revenue guidance has stirred a massive plunge in Snowflake shares.
The below-than-expected revenue guidance has stirred a massive plunge in Snowflake shares.
It’s no secret that cryptocurrency is a rapidly growing industry.
After releasing a forecast that put its product sales growth under 70% for the fiscal year, Snowflake stock crashed 30%.
UiPath’s strength lies in its ability to manage its customers, delivering a remarkable report in the pandemic year.
The new NYSE NFTs are available for sale on Crypto.com and represent the first trade of different public listed companies on the exchange.
Cere Network, backed by Arrington XRP Capital, Binance, and NGC Ventures, raises an additional $5 million led by investment platform, Republic Labs, bringing total investment to $10 million.
In its earnings report, Snowflake also gave a projection of its anticipated performance for the fiscal 2022 financial year.
According to a technology strategist at investment bank Baird, Ted Mortonson, the new tech dynamic is FOGK (fear of getting killed).
Berkshire Hathaway bought more stocks and ramped up share buybacks in the third quarter.
Airbnb is going to raising about $3 billion via the IPO and looks to increase its valuation to about $30 billion.
Since the 2008 Visa IPO, Snowflake has so far made the largest “money left on the table”.
Shares of Snowflake, a cloud data warehousing firm that has the backing of Salesforce and Warren Buffett’s Berkshire Hathaway, more than doubled on their first day of trading in the biggest software IPO ever.
Snowflake anticipates raising funds through an IPO later this year. Some of the main venture-capital backers that support Snowflake include Sutter Hill Ventures, Sequoia Capital, Redpoint Ventures, Iconiq and Wing Venture Capital.