Provides a cloud-based data warehousing and analytics platform enabling data sharing across organizations.Yahoo Finance ↗snowflake.com ↗
1 take · first discussed Jun 21, 2025
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The hosts' collective view on Snowflake is bearish, based solely on Chamath's medium-conviction thesis. Chamath argues that Snowflake's consumption-based pricing model is structurally self-defeating: because customers cannot predict or tolerate escalating variable costs, they are incentivized to find cheaper alternatives such as Postgres or Supabase over time, which he believes will erode Snowflake's business in the long run. No other hosts provided a competing or supporting view, so no cross-host agreement or disagreement can be assessed from the available material.
Chamath argues consumption-based pricing models like Snowflake's are self-defeating long-term because customers can't tolerate variable escalating costs and will migrate to alternatives like Postgres or Supabase, destroying the business over time.
consumption-based pricing. It doesn't work. And what I mean is you can have some adoption in the short term. The best example is Snowflake. But in the long term, it destroys your business. And the reason is because you don't know which data”1:10:56