$Snowflake(SNOW)$ SNOW has negative FCF for shareholders bc of the $2.4B in stock options.
Sure it's a non cash charge but it is a result of underpaying employees in cash and it distorts gross margin, but the cost to shareholders is very real.
SNOW and it's adjusted earnings are a crock of crap.
Additionally ORCL heatwave is about 7x faster and 80% cheaper.
SNOW is not a longterm solution for data warehousing it's a bandaid…
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