Checked my portfolio and forgot I had this stock...My cost basis is >200$ π¬... saw execs left on news π°π¬.... #splunk
Sorry but Splnk is dead
Why?
Because you can replicate the technology/functionality with about 5 other more nimble products that are cheaper, and the Iot economy has still been evasive. If anything Splunk is too early for the times.
What's happenning there? Why going down?
RIP
Can someone explain what Splunk does in layman terms ?
Makes searching easy in logs
This. It's a way to substitute $$$ for decent developers.
Did their recruiters also left
Did we have recruiters? :)
π€£π€£
Company doing very poorly now a days. Missed the boat to cloud because now the log cost has to be born by splunk
Splunk is logging 1.0. World has moved on.
Seems like a former Sales leader who is the CEO is maybe why they were late on focusing the tech stack and cloud transition.
We are investing heavily in cloud platform and cloud native products now. But only time will tell. By time I mean in at least one or two years.
Damn dog Iβll buy your bags