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Someone wasn't surprised: https://x.com/unusual_whales/status/1704870849831125446?s=20
From an outsider perspective, it looks hard to label this as anything but insider trading. Is that the wrong take?
I feel like we should be talking about the sad state of logging where we think it’s perfectly ok to dump millions of 10k stack trace dumps and think that should be cheap.
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That makes sense, so looking at what people ingress, they pay afterwards or just really huge plans upfront? Or a mix?
Well usually you have to overpurchase up front and they sell you a 3 year lock in to make it affordable capital cost. Then when you eek over it temporarily, the sales guy calls you up within 10 nanoseconds to bill you for more. I was getting 2-4 calls a week. It was so fucking annoying and expensive ($1.2M spend each cycle) we shitcanned the entire platform. First thing they hear of this is when our ingress rate drop…
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Possibly. I guess you can't remove the idea that the information was found through some open means. For all we know the private jets of the Cisco leaders might have been in the same location as those from Splunk.
They bought 1-day options, so they knew the timing of the announcement.
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they price-out medium customers so mind-share decreases
Are medium-sized customers valuable to Splunk? In sales we call this "Ideal Customer Profile." Why do I want a customer with less money to spend if I have a product with enough capability for the gigantic money-is-no-object customers?
What splunk has going for it now is that they have lot invested in compliance and security but its only matter of time before other providers start offering the same. Only use case i would consider them for is a SIEM. Datadog logging is so cheap and works and gives me more money to spend on other things.
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Splunk is a dead player too. It's a great match.
What makes you say Splunk is a dead player? Not arguing with you, it's genuine curiosity on my part.
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Definitely true that HN comments should be taken with a grain of salt from a business / investment / employment perspective. But it's more useful - though still not the full story at all of course - as a finger on the pulse of the people who actually implement software products, rather than their business models and their sales and marketing. This is not intended to downplay the importance of any of those things! Tho…
It's not really a pulse of implementers either. It's a particular kind of engineer. Having been early in a big tech and watching it grow and now being in another startup, I can tell you that the attitudes for SaaS in the industry are much more either positive or calculating than the broad negative attitudes and the constant calls for NIH on here. If anything they remind me of my cohort of college undergrads, excited…
But having said that, your comment (and the thread-starter) is a pretty good example of "getting a pulse"! A pulse isn't just "the average viewpoint", it also includes the distribution. And for every bit of conventional HN wisdom like "splunk sucks and is too expensive", there is pretty much always a comment like "splunk is pretty successful, actually". Your "I've been around a long time and attitudes toward SaaSes are actually pretty positive or at least calculating" is part of the "pulse" in this thread.
To wit: I honestly had no idea about splunk. I played with it in the distant past and thought "cool!", but I've never used it in the auspices of an enterprise license, and I've certainly never tried to purchase one myself, so I just didn't know anything about this. And if you had asked me about their recent earnings, I would have similarly had no clue. I just had no idea what the "pulse" on splunk was, either way. And now, because of the zeitgeisty comments making fun of how expensive it is, and also the comments like yours and the thread-starter's pushing back on that narrative, I have an updated prior on the splunk. It surely isn't the full story, and I wouldn't walk into a conversation and be all "I'm an expert on splunk, folks!", but I have a much better sense than I did a few hours ago. That's what I mean by "pulse".
> As far as the business types, why do you think they'd be here?
I didn't say I think they'd be here... I'm the one who pointed out that they aren't! Honestly not sure how you read into my comment what you seem to have read into it. But I'm glad I gave you an opportunity to rant a bit!
I hated Splunk so much that I spent a couple days a few months ago writing a single 1200 line python script that does absolutely everything I need in terms of automatic log collection, ingestion, and analysis from a fleet of cloud instances. It pulls in all the log lines, enriches them with useful metadata like the IP address of the instance, the machine name, the log source, the datetime, etc. and stores it all in S…
Sounds awesome for your use case! …but this sounds so much like the legendary Dropbox release thread’s ”just use FTP, SVN, etc” that it made me smile :)
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Someone wasn't surprised: https://x.com/unusual_whales/status/1704870849831125446?s=20
My depth of stock trading stops at the buy low sell high level. Can someone explain a little more if you have time? What would have happened to those trades if splunk had went down 20%?
This was insider trading.