Snowflake (NYSE: SNOW) is one of the most closely followed software companies in the market. The company competes with the likes of Amazon Redshift, Google BigQuery, Database, and unicorn start-up Databricks.

Snowflake became a household name for technology investors following its record IPO back in 2020. A little more than a year prior to its public market debut, Snowflake appointed Silicon Valley legend Frank Slootman as its CEO.

While Slootman is largely credited with Snowflake's success since going public, investors were hit with some shocking news following the release of the company's fourth-quarter earnings report.

Continue reading

Source Fool.com