Reply to post: Valued At $$$$$

Snowflake rolls back growth estimates, wipes 30% off value

hoola Silver badge

Valued At $$$$$

This is where the insanity of many of the valuations for these Cloud service or providers comes in.

Was it ever worth $120Bn? Probably not.

Is it making a profit? nowhere near, losses are humungous, $700 I think so far.

Has it any assets? Allegedly $5.9Bn

That takes us full circle, just like Uber and all the others, they are simply not worth what "The Markets" claim but there is a vested interest to pump up the value at the because of all VC money. They need their return.

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