Stocks Unsteady as Snowflake CEO Abruptly Steps Down, Successor Unknown
- Stocks waver after inflation gauge meets expectations
- Snowflake CEO Frank Slootman is unexpectedly stepping down
- Incoming CEO is Sridhar Ramaswamy, not a well-known name
- Transition seems poorly communicated, shocking investors
- Snowflake shares crashing over 23% on surprise leadership change