The stock market reacted quite positively to this acquisition (Basically confirmed a few days ago). Buying a soon-bankrupt startup is very cheap, and getting a strong tech stack and already formed team with strategic synergies with the main business is going to be valuable.
This is contrasted with panic acquisitions like say Adobe & Figma.
CharlesW|2 years ago
How is Snowflake stock dropping 12% "reacting quite positively"?
nycdatasci|2 years ago