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March 1, 2024 at 4:46 PM. Kevin Dietsch—Getty Images. Frank Slootman did it again. Now it’s succession time. Slootman is leaving his CEO role at Snowflake while remaining chairman, as ...
Slootman held a 5.9% interest in the company during the IPO. [8] In 2022, Slootman published a book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Elevating Intensity. [2] On February 28, 2024, Snowflake announced that Slootman was retiring and Sridhar Ramaswamy would be replacing him as CEO. He would ...
He is the chief executive officer of cloud-based data-warehousing company Snowflake Inc. since February 2024. He was the cofounder and CEO of the startup company Neeva, an ad-free, privacy-focused search engine, until it was acquired by Snowflake. [1] [2] He previously led Google’s $115 billion advertising division. [1] [3]
In January 2018, the company raised $263 million at a $1.5 billion valuation, making it a unicorn. [31] In October 2018, Snowflake raised $450 million in a round led by Sequoia Capital, at a $3.5 billion valuation. [3] [32] On February 7, 2020, the company raised $479 million. At that time, it had 3,400 active customers. [33]
Nvidia’s market value dropped by $588.8 billion, or 16.97%. It was the biggest ever single-day loss in a stock’s market cap in absolute terms, according to Deutsche Bank data.
Snowflake made its big debut on Wall Street Wednesday, jumping nearly 112-percent on its first day of trading. Snowflake CEO Frank Slootman joins Yahoo Finance’s The First Trade with Alexis ...
Last week, data company Snowflake (NYSE: SNOW) reported financial results for its fiscal third quarter of 2025. This morning, Wedbush analyst Dan Ives published a report stating that artificial ...
In 1989, Paul Lee invested in DSI, becoming the only other shareholder, also taking on a full-time operating role as both the CFO and COO. In 1991, Mattrick was the chairman and the majority owner of DSI while Canadian businessman Tarrnie Williams was CEO. In the prior year, DSI had received two unsolicited acquisition offers.