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SNOW Nov 2024 200.000 put
- Benzinga
Snowflake Hit With Data Breach - What's Going On?
Snowflake Inc (NYSE:SNOW) is facing scrutiny after reports of data breaches affecting some of its major clients, including Santander Bank and Ticketmaster. Hackers claimed to have stolen hundreds of millions of customer records. Australian authorities confirmed successful compromises of several companies using Snowflake, TechCrunch reports. The Snowflake stock is trading lower on Thursday. Also Read: Snowflake & NVIDIA Team Up For AI Revolution: Details Snowflake acknowledged unauthorized access
- Yahoo Finance Video
Why Snowflake's stock is under pressure
Snowflake (SNOW) is a Yahoo Finance trending ticker. The cloud company is in the midst of its Data Cloud Summit, where it's been providing news and updates. It also comes as rival Databricks cut a deal to acquire data management startup Tabular. Snowflake CEO Sridhar Ramaswamy told Bloomberg the company is "on the lookout for acquisitions opportunistically." Yahoo Finance's Julie Hyman and Jared Blikre explain why the company's stock has been under pressure. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
- Fortune
Databricks CEO Ali Ghodsi on Snowflake rivalry and the ‘why’ behind Databricks’ latest billion-dollar deal
Databricks just acquired open source-focused data manager Tabular. Though we don’t know the exact contours of the deal, we know it’s north of $1 billion, making it the company’s second billion-dollar deal within 12 months.
