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Snowflake shares drop 19% on CEO’s retirement, weak guidance

by Editor February 29, 2024, 4:24 pm 1.8k Views

Snowflake shares drop 19% on CEO's retirement, weak guidance

Snowflake Chairman and CEO Frank Slootman attends the Snowflake Summit 2022, in Las Vegas, Nevasa, U.S., June 14, 2022.

Snowflake | Via Reuters

Shares of Snowflake dropped 19% in Thursday morning trading, a day after the cloud software company announced that billionaire CEO Frank Slootman will retire and be replaced by Sridhar Ramaswamy, former Google ad chief. Slootman will remain chairman of the board.

The company also reported…

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Orioles-Pirates spring training game features four former No. 1 overall picks

Orioles-Pirates spring training game features four former No. 1 overall picks

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