And the DoJ is suing Ticketmaster for being an abusive monopoly as we speak, so.....
[1] Actually, we've known this as far back as Adam Smith! He talked a fair bit of shit about monopolies in The Wealth of Nations. His "invisible hand," after all, was competition, which monopolies by definition don't have.
Remember this every time someone talks shit about capitalism and points to corrupt and abusive American monopolies as evidence of why it's a failed system. America's government only really started leaning into its modern love for monopolies from the Reagan administration onward - in defiance of centuries of evidence that it was a bad idea.
You could argue that they shouldn't be housing this data with Snowflake but then you could say the same about a service like Amazon S3.
At what point is a company able to rely on a third-party vs being expected to run it in-house?
It makes me sad that the initial reaction is gleeful & mean-spirited towards the targets, when if you've ever been involved in something like this you'd hope it would be empathy for what a lot of Snowflake and TM employees are working on this weekend, and anger towards the hackers. It's like people forget that because it's data and the targets are big companies these criminals aren't stealing from real people and making the world a worse place.