, 3 tweets, 3 min read Read on Twitter
@justinberman95 @chalcidfly @automattic Only 8% of Elastic's revenue is from support. The rest is from hosting, just like Wordpress. ir.elastic.co/file/5249851/I…

Their strategy was to grow sales as fast as they can to get to an IPO as fast as they can, so that the investors could maximize their return with the exit. ...
@justinberman95 @chalcidfly @automattic Their current financial situation is the result of that execution. They could change, but it's hard. Fighting with AWS is not the way to do it.
@justinberman95 @chalcidfly @automattic PS. Maybe "subscription revenues" includes recurring support services as well, and pro-services are just one-off support sales. Still, the argument stands.
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