@@stephenpace7928 I was speaking in regards to their completely fraudulent way of introducing their stock as an IPO, raising the share price five times in the same day from $60 to eventually $319 before investors could buy shares…yes that’s called a scam. And if you think it’s not manipulated and taking advantage of new shareholders, your blind. It’s you who needs to get real.
@@jarredgiordano Snowflake used the standard NYSE process (e.g. far from a "fraud" or "scam"). Snowflake priced the IPO at $120 (it was never $60) and institutional investors--not Snowflake--determined the open price which is what always happens at NYSE. Obviously there was high demand even at that price. If the price was higher than you wanted to pay, easy, don't pay it. Sounds like IPO investing may not be for you.
Lazy insight for a CEO - hire the right people in the first place ... if they are boring you then you aren't doing it right. Buck stops with the CEO. Oh and cost is a thing because you put the CIO under the CFO (idiotic)
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Frank Slootman is a great stand up comedian.
Great talk. Insightful
seems nervous but very clear headed
Big scam
LOL. A year later, and Snowflake's massive growth continues. You think one of the highest rated CEOs in history would come helm a "scam"? Get real.
@@stephenpace7928 I was speaking in regards to their completely fraudulent way of introducing their stock as an IPO, raising the share price five times in the same day from $60 to eventually $319 before investors could buy shares…yes that’s called a scam. And if you think it’s not manipulated and taking advantage of new shareholders, your blind. It’s you who needs to get real.
@@jarredgiordano Snowflake used the standard NYSE process (e.g. far from a "fraud" or "scam"). Snowflake priced the IPO at $120 (it was never $60) and institutional investors--not Snowflake--determined the open price which is what always happens at NYSE. Obviously there was high demand even at that price. If the price was higher than you wanted to pay, easy, don't pay it. Sounds like IPO investing may not be for you.
@@jarredgiordano they didn’t move the price it was the investment bankers where they saw all the demand so they had to increase the price
Lazy insight for a CEO - hire the right people in the first place ... if they are boring you then you aren't doing it right. Buck stops with the CEO. Oh and cost is a thing because you put the CIO under the CFO (idiotic)