why is snowflake coming down? Is this a good time to buy? I believe snowflake has good potential to grow #investments #snowflake #ipo
It’s because of the expiration period over. Employees can take profit now.
ahh i see..any one know how long was the lockup?
SNOW deserves to be under $100/- . its highly overvalued but not worries it will come under 100 in next few months..
It's stupidly overvalued and will continue to decline, especially when lockup ends.
🙄
Profit taking.
Look at the revenue, profit of snowflake and the growth. The current market cap makes no sense. This is why it’s going down. Same for Tesla. Compare Tesla with Toyota revenue, profit, growth and market cap. You will understand why most of these stock might go down in 2021. PS: It’s just my opinion and like both companies.
Agreed. I think even the other stocks like oracle was hit despite having good revenue recently.
With a name like snowflake what else did you expect 😂😂
Buffet got in it under 100 few months back So why did u pay 400?
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Is lock up over?
what's lockup ?