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JavaScript Weekly Issue 503: August 28, 2020
Thursday, September 17, 2020
Snowflake IPO: $70B
Cloud-database specialist to raise nearly $4 billion even before selling stakes to Salesforce and Warren Buffett’s previously IPO-averse Berkshire Hathaway
Snowflake Inc. produced the biggest initial public offering for a U.S. software company in history this week, and that may not even be the most astounding feature of its first share sale.
“They’re bringing an Amazon-like approach to data warehousing,”
Snowflake is taking that approach on cloud platforms that offer their own solutions, however. Google’s BigQuery, for instance, also offers a variable pricing structure, and Amazon’s Redshift is considered to be the biggest player around.
Snowflake is taking that approach on cloud platforms that offer their own solutions, however. Google’s BigQuery, for instance, also offers a variable pricing structure, and Amazon’s Redshift is considered to be the biggest player around.
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