Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Instacart filed an updated IPO prospectus on Monday and clarified how its contract works with data storage and analytics company Snowflake, after the initial filing appeared to show a dramatic decline in spending on Snowflake’s technology. Snowflake CEO Frank Slootman is an Instacart board member, a relationship…

A banner for Snowflake Inc. is displayed at the New York Stock Exchange to celebrate the company’s initial public offering, Sept. 16, 2020. Brendan McDermid | Reuters Buried on page 280 of Instacart’s IPO filing last week was a paragraph that caused a brouhaha between two companies that have nothing to do with grocery delivery. One of Instacart’s board members is Frank Slootman, the CEO of…

Morgan Stanley says this beat-up tech stock can rally more than 40%

Morgan Stanley says investors should consider picking up shares of a data-analytics software company after a big pullback in recent months. Source link