I caught myself wondering how Google, Microsoft and Amazon let Snowflake win. You can argue they haven't won, but lets assume they have. Two things:
1. SNOW's market cap is $50B. GOOGL, MSFT, AMZN are all over $1T. Owning Snowflake would be a drop in the bucket for any of them (let alone if they were splitting the revenue).
2. Snowflake runs on AWS, GCP or Azure (customers choice), so a good chunk of their revenue goes back to these services.
Looking at these two points as the CEO of GOOGL, MSFT, or AMZN, I'd shrug away Snowflake "beating us". It's crazy that you can build a $50B company that your largest competitors barely care about.
1. SNOW's market cap is $50B. GOOGL, MSFT, AMZN are all over $1T. Owning Snowflake would be a drop in the bucket for any of them (let alone if they were splitting the revenue).
2. Snowflake runs on AWS, GCP or Azure (customers choice), so a good chunk of their revenue goes back to these services.
Looking at these two points as the CEO of GOOGL, MSFT, or AMZN, I'd shrug away Snowflake "beating us". It's crazy that you can build a $50B company that your largest competitors barely care about.