It's losing incredible amounts of money... how is it possible to still have 650M market cap when you lose almost as much money as you have revenue... and next year doesn't look that much better...
MariaDB plunges nearly 40% in NYSE debut after SPAC merger
111–120 of 121 posts
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#112SPACs are setup by people who couldn’t figure out how to launch a DAO token scam.
People like Chamath Palihapitiya, who can probably do both. All while lecturing us about how bad our society is and how he's ashamed of having been part of Facebook (I'm sure he'll say the same about SPACs later).
he can probably do neither
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#113Earlier quoted context omitted.
We need a better mechanism than going public. That only leads to the inevitable next-quarter-itis that has taken down once great companies like HP and Bell Labs.
We need a new exchange that focuses on driving profits for shareholders over a longer term especially ones with wider goals. I think there is a market desire for companies that have positive social or public goals but still make sense organized as a for-profit. What we might get is less pan-flash/hyper-growth-startup-IPO and more organically grown companies with a certain amount of staying power and positive social o…
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#114Not quite following why MariaDB is even a listed company? It's a solid database sure but traditional relational DB isn't exactly a bleeding edge killer feature these days What was the intended differentiating hook?
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#115Earlier quoted context omitted.
It's not pronounced Me, it's not English. But let's excuse your americanism.
No one I know had ever pronounced it Me. How did you come to the conclusion this non existent thing was an Americanism?
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#116Earlier quoted context omitted.
No one I know had ever pronounced it Me. How did you come to the conclusion this non existent thing was an Americanism?
I think the reference is to the daughter's name, not the product. Previous discussion regarding name: https://news.ycombinator.com/item?id=12203571
They were saying "Americans pronounce it 'my' and that is wrong".
Got it.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#117Earlier quoted context omitted.
We need a new exchange that focuses on driving profits for shareholders over a longer term especially ones with wider goals. I think there is a market desire for companies that have positive social or public goals but still make sense organized as a for-profit. What we might get is less pan-flash/hyper-growth-startup-IPO and more organically grown companies with a certain amount of staying power and positive social o…
How does the exchange shares are trade on impact the incentives for management and shareholders? ltse.com has never made sense to me.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#118Earlier quoted context omitted.
What would you like to know?
Is there a reason why revenue figures are so low? Considering some other db products seem to be doing fine?
Where MariaDB really shines and drives usage is around their ColumnStore[2].
Some of the downsides from a larger adoption and integration standpoint is the BSL license[3]. Relatively unknown and untested and as a result there's aversion to risk.
To get the direct answer to your question, I think a combination of the factors previously in conjunction with revenue being eroded from cloud offering their tech as a service, and SkySQL[4] not making up for the difference are serious inhibitors to revenue.
1: https://mariadb.com/resources/customer-stories/servicenow-ma...
2: https://mariadb.com/kb/en/mariadb-columnstore/
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#119> MariaDB's eponymously named open-source software ... I'm sure they meant 'eponymous open-sourced', as named is implicit in the meaning of that word, but I'm less confident whether an eponym can be granted based on a familial naming attribution? A few years ago I had a weird exchange with someone on these forums who enlightened me about the maxscale licence change, and identified this as a key turning point (not in…
They’re saying the database has the same name as the company, not anything to do with the familial naming connection.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#120Earlier quoted context omitted.
I had no idea Mariadb was a startup. I thought it was an open source fork if mysql
MySQL is named after the founder’s daughter—My ( pronounced me by the way ). He sold it to Oracle and then, because it was Open Source, he forked it to create MariaDB. The name of his other daughter is Maria.