Snowflake had another meltdown. The stock had nearly 50% short interest a week ago. Now, the short interest is nearly 30% - The $6.2 billion (Unicorn), Databricks entering the IPO in 2021 and with Azure - Microsoft's Cloud Computing Platform entrance into the cloud computing market, is applying more pressure onto Snowflake. Microsoft has launched Azure - Microsoft's Cloud Computing Platform Government, targeted towards handling classified documents.
Snowflake's market cap and share price are rough