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☆ Snowflake is doubling down on data clean room tech as it forges deeper ties with the ad industry
▼ + stars: | 2024-03-28 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

"Our expectation in the next year is that people will be talking less about the tech and actually understand the value," of Snowflake's data clean room, Stratton said. The clean room space is competitive and marketers intend to spend more on the techUltimately a data clean room is only as valuable as the customers who share data within it — even when it's being offered for free. "Clean rooms are no longer competing against other clean rooms only," said Wayne Blodwell, the CEO of the programmatic advertising company Impact Media. AdvertisementThe global data clean room market has accelerated in the last two years. The report found that these companies, on average, spent $879,000 on data clean room tech in 2022.

Persons: —, influencers, Kamakshi Sivaramakrishnan, Samooha, AdExchanger, Sivaramakrishnan, Snowflake, Bill Stratton, Snowflake's, Time Warner, Stratton, it's, Wayne Blodwell, Sridhar Ramaswamy Organizations: Service, Business, Amazon Web Services, Microsoft, Snowflake Ventures, LinkedIn, Google, Time, Impact Media, Deloitte Digital Locations: Snowflake, Samooha

☆ Cloud software buyers are getting frugal, leading to slower growth at former highfliers
▼ + stars: | 2024-03-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

In 2020, as data analytics software vendor Snowflake was hitting the public market, one of the key stats it was touting to investors was net revenue retention. Snowflake's NRR at the time was 158%, meaning its existing customer base from a year earlier had increased its total spend by 58%. "More pressure on churn (as companies look to reduce point solutions in favor of platforms) and more difficult upsells have pushed net retention down," Ball added. Twilio , which sells cloud-based communications software, reported NRR of 102% in February, with just 5% year-over-year revenue growth. Almost all of Twilio's revenue comes from its division that contains technology for sending text messages and emails.

Persons: Snowflake, Chris Taylor, NRR, Wall, Snowflake's NRR, Aidan Viggiano, Mike Scarpelli, Sridhar Ramaswamy, Frank Slootman Organizations: New York Stock Exchange, NYSE, Nasdaq, Representatives Locations: Snowflake, U.S, Twilio

☆ The tech CEO who quietly built a bigger fortune than Tim Cook
▼ + stars: | 2024-03-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Former Snowflake CEO Frank Slootman has achieved vast wealth as a non-founding tech exec. Bloomberg pegs his net worth at $3.7 billion — higher than both Tim Cook and Satya Nadella. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe wildly successful and outspoken tech executive who just stepped down as CEO of Snowflake may not be as well-known as Apple's Tim Cook or Microsoft's Satya Nadella — but he's wealthier than both.

Persons: Frank Slootman, Tim Cook, Satya Nadella, He's, —, Nadella, Cook, Slootman, Snowflake, Peter Thiel, Elon Musk, Palmer, Katie Warren, Sridhar Ramaswamy Organizations: Snowflake, Bloomberg, Service, ServiceNow Inc, Data, Google Locations: Netherlands

☆ Snowflake's Slootman says he's not worried about employee exodus: 'This is not a personal cult'
▼ + stars: | 2024-02-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

While the announcement caused consternation on Wall Street, Slootman told CNBC that he's not worried about a wave of Snowflake employees following him out the door. Slootman, 65, is being succeeded by former Google ad chief Sridhar Ramaswamy, who joined Snowflake in June via the company's $185 million purchase of Neeva, a startup Ramaswamy co-founded in 2019. Snowflake was the third enterprise technology company that Slootman shepherded through the IPO process, following Data Domain in 2007 and ServiceNow in 2012. Before joining Snowflake, Slootman spent about six years as CEO of ServiceNow . ServiceNow's workforce stood at 23,668 by the end of 2023, compared with 603 in December 2011, months after Slootman had joined, according to regulatory filings.

Persons: Frank Slootman's, Slootman's, Slootman, he's, Sridhar Ramaswamy, Snowflake, ServiceNow, —, There's, George Floyd, Steve Jobs Organizations: Snowflake, New York Stock Exchange, Mizuho Securities, CNBC, Google Locations: ServiceNow, Snowflake, America

☆ Part of Snowflake's downfall is related to CEO Frank Slootman's retirement: Jefferies' Brent Thill
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPart of Snowflake's downfall is related to CEO Frank Slootman's retirement: Jefferies' Brent ThillBrent Thill, Jefferies tech analyst, joins 'Squawk on the Street' to discuss Snowflake's quarterly earnings results, what to make of the company's weak forecast and CEO change, Salesforce's earnings results, impact of AI, and more.

Persons: Frank Slootman's, Jefferies, Brent Thill Brent Thill Organizations: Jefferies

☆ Google is starting to feel like any other business, and staging a comeback won't be easy
▼ + stars: | 2024-02-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how Google has gone from the tech industry's vanguard of cool to just another boring company . AdvertisementGoogle has long stayed atop Silicon Valley's volatile popularity contest — but the best place to work in tech is starting to feel like any other business , Business Insider's Hugh Langley and Lara O'Reilly write. Bureaucracy, an aversion to risk, and deference to Wall Street over employees — things Google long eschewed — have become the norm. The latest example is the debacle surrounding Gemini — its flashy new AI model that faced backlash for being too "woke."

Persons: —, Rebecca Zisser, Hugh Langley, Lara O'Reilly, Alistair Barr, Sundar Pichai, Hugh, Lara, Mateusz Wlodarczyk, BI's Peter Kafka, it's, David Rosenberg, Gary Shilling, Snowflake's Frank Slootman, Ozgur Hakan Aslan Toyota, Boxabl, Elon Musk, Tesla, Hewlett Packard, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Google, Business, Gemini, Meta, Big Tech, OpenAI, Corporations, Nvidia, SEC, Universal Music Group, Universal, BI Locations: —, New York, London

However, the company also said it sees single-digit revenue growth for fiscal 2025. UBS reiterated a neutral rating alongside its $310 per share price target on Salesforce, or more than 3% upside ahead. Product revenue growth of 33% year over year in the fourth-quarter was also below Wall Street estimates. Murphy noted there's a disconnect between what Barrick has accomplished in the past five years and its stock price. "We see asset disposals and cost improvements as likely to reverse share price weakness as the market recognizes the strength of the asset portfolio."

Persons: Morgan Stanley, Snowflake, Jefferies, TD Cowen downgrades Macy's TD Cowen, Oliver Chen, Macy's, — Brian Evans, Brad Sills, Brian Evans, AutoNation Morgan Stanley, AutoNation, Morgan Stanley's, Mike Manley, Adam Jonas, Salesforce, Amy Weaver, Goldman Sachs, Kash Rangan, Bank of America's Brad Sills, Morgan Stanley downgrades Snowflake, Snowflake's, Frank Slootman, Keith Weiss, Matthew Murphy, Murphy, Fred Imbert Organizations: CNBC, Barrick, Mining, Bank of America, of America, TAM, Bank of America's, UBS, StreetAccount, Jefferies, Barrick Gold, Newmont, Newcrest Locations: Africa, East

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
▼ + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.

Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea

☆ Snowflake shares drop 20% on CEO's retirement, weak guidance
▼ + stars: | 2024-02-29 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Snowflake said its first-quarter product revenue will total between $745 million and $750 million, compared to analysts' estimates of $759 million, per StreetAccount. The company said adjusted operation margin in the first quarter will be 3%, below the 7.2% analysts expected. mitigate C-suite uncertainty," the analysts wrote to investors in a Thursday memo. The company shut down its product and was acquired by Snowflake for $185 million last year. Before Slootman's tenure, Snowflake was helmed by former Microsoft executive Bob Muglia until his sudden ousting in April 2019.

Persons: Snowflake, Frank Slootman, Sridhar Ramaswamy, Slootman, Morgan Stanley, Ramaswamy, Bob Muglia, — CNBC's Michael Bloom, Jonathan Vanian Organizations: Google, Macquarie Equity Research, Microsoft, CNBC PRO Locations: Snowflake

☆ Snowflake's Frank Slootman vehemently denied a BI report in June that he may be leaving. Now he's gone and the stock is down 20%.
▼ + stars: | 2024-02-28 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +1 min

Snowflake's Frank Slootman just announced his retirement. BI reported last year on rumors of Slootman's impending departure. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Business Insider approached Snowflake CEO Frank Slootman in June to ask him if internal chatter about his impending retirement was right, Slootman said it was "completely untrue." You are regurgitating competitive FUD," Slootman wrote in an email to BI in June in his famously direct, no-nonsense style.

Persons: Snowflake's Frank Slootman, —, Snowflake, Frank Slootman, Slootman, Sridhar Ramaswamy, Ellen Thomas Organizations: Service Locations: Snowflake

☆ Snowflake's outgoing and incoming CEOs talk earnings with Jim Cramer
▼ + stars: | 2024-02-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnowflake's outgoing and incoming CEOs talk earnings with Jim CramerSridhar Ramaswamy, incoming Snowflake CEO, and Frank Slootman, outgoing Snowflake CEO, joins 'Mad Money' host Jim Cramer to talk earnings, guidance and more.

Persons: Jim Cramer Sridhar Ramaswamy, Frank Slootman, Jim Cramer Organizations: Snowflake

— Alex Harring 6:46 a.m.: HSBC sees Snowflake pulling back after rally Snowflake's good news has already been priced in with a recent rally, according to HSBC. Analyst Sara Russo upped her price target by $26 to $72, now implying a smaller downside of 43%. — Alex Harring 6:05 a.m.: Macquarie moves to sidelines on Sony There's reasons for pause on Sony , Macquarie warned. Still, the analyst noted the "many" risks to the stock price, including valuation and if the ETFs become a competitor to Coinbase itself. The bank initiated coverage of the medical technology stock with a buy rating and a price target of $100 per share.

Persons: Ulta, Oppenheimer, Rupesh, Parikh, Alex Harring, Snowflake, Stephen Bersey, Bersey, Bernstein, Sara Russo, Russo, — Alex Harring, Skechers, Jesalyn Wong, Wong, Macquarie, Damian Thong, Thong, deconsolidation, Colin Isaac, Eastman, Isaac, EBITDA, Piper Sandler, Harsh Kumar, Kumar, Kenneth Worthington, Worthington, Sezgi Oezener, Taha Kass, Oezener, Fred Imbert Organizations: CNBC, JPMorgan, HSBC, GE Healthcare, ISI, Distributors, Sony, Macquarie, U.S, Eastman, Eastman Chemical, Nvidia, GE Healthcare HSBC, General Electric, Learning, Amazon, Science & Technology Locations: Wednesday's, Sony's U.S, premarket, Coinbase

☆ Salesforce communications chief Brad Burns departs for Snowflake
▼ + stars: | 2024-01-24 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Brad Burns, the now former chief communications officer at Salesforce, has joined Snowflake in the same role, the data-cloud company said Wednesday in a press release. At Snowflake, Burns will spearhead communications strategy and advise company leadership. Snowflake's revenue growth and that of the rest of the cloud industry slowed earlier this year as customers tightened cloud budgets after a pandemic-fueled spending spree in 2020 and 2021. Related storiesFrank Slootman, Snowflake's chair and CEO, was previously rumored to be leaving the company, Business Insider reported. Burns joined Salesforce as chief communications officer in 2018.

Persons: Brad Burns, Burns, He's, Frank Slootman, Slootman, Bob Muglia, Bret Taylor's, Salesforce, Ellen Thomas Organizations: Business Locations: Snowflake, ethomas@insider.com

☆ How some of 2023's biggest AI winners have fared a year after ChatGPT's launch
▼ + stars: | 2023-12-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .

Persons: –, hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce

☆ Stocks making the biggest moves premarket: Salesforce, Snowflake, Pure Storage and more
▼ + stars: | 2023-11-30 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Salesforce — Salesforce popped more than 9% after the cloud software company reported fiscal third-quarter earnings that beat analysts' expectations. Snowflake posted adjusted earnings of 25 cents per share on revenue of $734 million. It also issued first-quarter and full-year earnings guidance that also topped estimates. On Wednesday, the company announced a $10 billion share buyback, raised its dividend and reinstated its full-year guidance. Pure Storage — The data storage stock tumbled 14.5% in Thursday's premarket after offering a weak revenue outlook.

Persons: Salesforce, Nutanix, Snowflake, Morgan Stanley, Robinhood, James Heaney, Synopsys — Synopsys, FactSet, Goldman Sachs, — CNBC's Brian Evans, Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: LSEG, Hewlett Packard Enterprise, Nvidia, Jefferies, General Motors, Ford, Ford Motor, United Auto Workers Locations: U.K, Thursday's

☆ Cramer's Lightning Round: Buy AutoZone
▼ + stars: | 2023-11-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Broadcom's year-to-date stock performance. Stock Chart Icon Stock chart icon Snowflake's year-to-date stock performance. Stock Chart Icon Stock chart icon AutoZone's year-to-date stock performance. Stock Chart Icon Stock chart icon Novo Nordisk's year-to-date stock performance. Stock Chart Icon Stock chart icon Gogo's year-to-date stock performance.

Persons: I've, Lilly, you've, Jim Cramer's Organizations: Systems, New York Stock Exchange, Novo, Novo Nordisk, Nordisk Locations: Snowflake

☆ Cramer's Lightning Round: Veeva is a buy
▼ + stars: | 2023-10-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Veeva's year-to-date stock performance. Stock Chart Icon Stock chart icon US Bancorp's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Snowflake's year-to-date stock performance. Stock Chart Icon Stock chart icon Teekay's year-to-date stock performance.

Persons: they'll, Stock's, Frank Slootman's, Gray, I'm, that's Organizations: US Bancorp, American Electric, Marvell, Gray Television

☆ Snowflake's CMO reveals her marketing strategy that will help the company go from $2.6 billion in revenue to $10 billion by 2029
▼ + stars: | 2023-10-04 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Its revenue was $95.7 million in 2018 according to its S-1 filing, has projected revenue of $2.6 billion by the end of this year, and has said it aims to hit $10 billion in revenue by 2029. But as the data giant zeroes in on connecting with developers across industries, Persson has also expanded Snowflake's outreach, for instance, with a YouTube channel for developers , established eight months ago. Closing larger deals will be a major factor if Snowflake hits its ambitious $10 billion revenue goal. Snowflake plans to get 1,400 customers spending more than $1 million by 2029, company CFO Michael Scarpelli said during an investor event last year. "A lot of companies get stuck at $100 million," Persson said.

Persons: Denise Persson, Persson, There's, Salesforce, Gregg Moskowitz, Snowflake, Michael Scarpelli, Moskowitz Organizations: Amazon, LinkedIn, Companies Locations: Silicon Valley, Snowflake, New York, Mumbai, Stockholm

☆ Instacart clarifies its Snowflake payments in updated IPO prospectus after clash with Databricks
▼ + stars: | 2023-09-11 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Instacart filed an updated IPO prospectus Monday and clarified how its contract works with data storage and analytics company Snowflake , after the initial filing appeared to show a dramatic decline in spending on Snowflake's technology. The apparent slippage led to confusion and spurred employees at rival Databricks to suggest online that it was picking up that business. "These cash payments, including the payments we made in 2022, generally represent prepayments for future services which, in many cases, span multiple fiscal periods," Instacart wrote. For both 2021 and 2022, Instacart said it incurred operating expenses tied to the cloud technology of $28 million. Instacart isn't required to disclose its relationship with Databricks, but both companies published recent posts about the implementation on their websites.

Persons: Instacart, Snowflake, Frank Slootman, Databricks, it's Locations: Databricks

☆ Stocks making the biggest moves midday: Kroger, DocuSign, Planet Labs, First Solar and more
▼ + stars: | 2023-09-08 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Kroger earned an adjusted 96 cents per share, beating an LSEG estimate of 91 cents per share. Planet Labs lost an adjusted 14 cents per share on revenue of $53.8 million. Analysts polled by LSEG expected a loss of 8 cents per share on revenue of $54.1 million. DocuSign reported an adjusted 72 cents per share and $688 million in revenue, while analysts polled by LSEG forecast an adjusted 66 cents and $678 million, respectively. First Solar — Shares of the solar panel maker gained 1.4% after Deutsche Bank upgraded the First Solar to buy from hold, citing the company's strong ongoing demand.

Persons: Victor Coleman, Kroger, LSEG, DocuSign, Davidson, Gary Friedman, Gilead, — CNBC's Pia Singh Organizations: Kroger Co, Albertsons Cos Inc, New York Stock Exchange, Hudson Pacific Properties, Hollywood, Avid, Labs, Planet Labs, LSEG, Deutsche Bank, Gilead Sciences, Bank of America Locations: New York City, California

☆ D.A. Davidson says this cloud data provider is set to benefit in a big way from AI
▼ + stars: | 2023-09-08 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Snowflake is an up-and-coming player in the artificial intelligence world that's here to win, according to D.A. The cloud data provider has gained nearly 11.4% year to date, but it's down 9.2% this quarter. "Even after cloud optimization efforts that plagued software companies this year, we view Snowflake in an advantageous position," Luria wrote in the Thursday note. "They maintain best-in-class growth rates and are positioned well as a cloud data company to benefit from increasing demand for artificial intelligence." Snowflake announced in late June that it is partnering with Nvidia to provide businesses with a path to create customized generative AI applications using their own proprietary data, using the Snowflake Data Cloud platform.

Persons: Davidson, Gil Luria, Luria, D.A, Snowflake, — Michael Bloom Organizations: Nvidia

☆ Snowflake beats quarterly estimates on strong demand for data management services
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

Shares of the company rose more than 3% in trading after the bell. The Bozeman, Montana-based company's revenue rose about 36% to $674 million for the quarter ended July 31, above analysts' average estimate of $662.2 million, according to Refinitiv data. Excluding items, the second-quarter adjusted profit per share was 22 cents, compared with analysts' average estimate of 10 cents. Snowflake's second-quarter product revenue rose 37% to $640.2 million, above market estimates of $623 million. The company forecast third-quarter product revenue in the range of $670 million to $675 million, compared with analysts' average estimate of $670.8 million, according to Refinitiv data.

Persons: Brendan McDermid, Frank Slootman, Snowflake, Jaspreet Singh, Krishna Chandra Organizations: Snowflake Inc, New York Stock Exchange, REUTERS, Nvidia, Thomson Locations: New York, U.S, Bozeman , Montana, Bengaluru

☆ Check out the 12-slide pitch deck marketing tech company Simon Data used to raise $54 million in fresh funds
▼ + stars: | 2023-08-16 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Martech company Simon Data raised a $54 million Series D round this month. Marketing technology company Simon Data raised $54 million in fresh funds earlier this month as it plans to bolster its research and development division. The problem isn't collecting data — it's enabling data for business stakeholders to access it," said Simon Data cofounder and CEO Jason Davis. He said Simon Data was likely to grow somewhere between 45% and 50% this year. The Simon Data Series D round was led by Australian financial group Macquarie Capital with participation from existing investors, including Polaris, .406, and F-Prime.

Persons: Simon Data, Simon, Jason Davis, Davis Organizations: Macquarie Capital, Marketing, The, JetBlue, Bombas, Australian, Polaris Locations: The New York

☆ 10 Things in Tech: Google abandons smart glasses, lawsuits against real estate agents, and Snowflake CEO denies rumors of stepping down
▼ + stars: | 2023-06-27 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Moving forward, we'll be bringing you our top tech stories in our flagship newsletter, Insider Today. What do you want to see in Insider Today? The new tech bro is also becoming louder and brasher — they're trying to make being a techie cool. My colleague Grace Kay breaks down the "peak tech bro" persona and dives into its transformation over time. It currently has four main models: Model 3, Model Y, Model S, and Model X.

Persons: I'm, Siu, Alistair Barr, Hallam Bullock, Nathan Rennolds, we'll, Mark Zuckerberg, Jeff Bottari, Bill Gates, Steve Jobs, Larry Page, Jeff, Bezos, Mark, Zuckerberg, —, Elon Musk, Grace Kay, Iris, Snowflake, Frank Slootman, Peek, ROMAN ROMOKHOV, Wagner, Tom Stuker, He's, Hope, Diamond Naga Siu Organizations: It's Tech, Insider, Tech bros, Google, ROMAN, Getty, United Airlines, Digital Summit Denver Locations: Sacramento, Tech, AFP, Asia, Singapore, Colorado, San Diego, Silicon Valley, London

☆ Insiders keep saying that Snowflake CEO Frank Slootman could soon step down but Slootman says he's not leaving
▼ + stars: | 2023-06-26 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Frank Slootman became CEO of data cloud company Snowflake in April 2019. Snowflake CEO Frank Slootman tells Insider that ongoing rumors that he could soon step down are completely untrue. You are regurgitating competitive FUD," Slootman told us in his famously direct, no-nonsense style. "Frank Slootman is not leaving his position as Chairman and CEO of Snowflake," a spokesperson for the company told Insider. Slootman joined Snowflake as CEO in April 2019, ahead of its IPO in September 2020.

Persons: Frank Slootman, he'll, Mark McLaughlin, Snowflake, Slootman, McLaughlin, Bob Muglia's, Ellen Thomas Organizations: Palo Alto Networks, SEC, Qualcomm Locations: Snowflake, Las Vegas

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