Does Snowflake have a benefit or a moat?
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Yeah, I have a feeling that Snowflake has no moat, which is why the current hype confuses me. If I'm right, we should see their margins narrowing within the next 5 years (or a strategic acquisition before most people can see the writing on the wall).
Right? And they are going against companies with infinite resources who never back down from core businesses. I don’t see how this works well in long term.
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