This is some ridiculous overvaluation. I've used their product and while it worked all right, I could definitely notice part of their websites and docs being ha

This is some ridiculous overvaluation. I've used their product and while it worked all right, I could definitely notice part of their websites and docs being half-assed by not very experienced web developers. Which didn't really conjure an impression of quality to me. More like, "let's do things in hurry to get the money". I don't know how can you, as an investor, rationalize the price by any other reason than speculative increase in share price. Which is again driven by some fundamentals but mostly by hype. If they fail to gain almost 100% increase in revenue for the next year, that 60B is looking way too high. Compare this with something like Splunk. They make high quality product and have over 2B in revenue (with a nice growth curve). Market cap 30B. So is Snowflake as of now worth two Splunks? I don't think so. I could see it maybe being half of that, 15B, if I squint real hard.