Saturday, September 2, 2023

Instacart's IPO filing suggests its Snowflake cloud spending will fall 71% in 2023, sparking an online spat between staffers of Snowflake and rival Databricks (Ari Levy/CNBC)

Ari Levy / CNBC:
Instacart's IPO filing suggests its Snowflake cloud spending will fall 71% in 2023, sparking an online spat between staffers of Snowflake and rival Databricks  —  - Instacart's long-awaited IPO prospectus last week turned controversial in a way the grocery-delivery company wasn't anticipating.



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Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg : Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., bo...