Death by a thousand stock-based compensation cuts
How do you think about a company like Snowflake whose SBC is 40% of revenue but dilution is basically flat because of share buybacks? Do we just call it a quasi cash expense at that point and move on?
How do you think about a company like Snowflake whose SBC is 40% of revenue but dilution is basically flat because of share buybacks? Do we just call it a quasi cash expense at that point and move on?