Co-CEO Greg Peters says the streamer doesn’t have a “set position” on a ceiling for its subscription pricing:
You can look at pay TV as a potential markers for where people have spent before but we really actually don’t think of it so much is defined by that... As we add more entertainment value, then of course we can go back to our subscribers and ask them to pay a little bit more to keep that virtuous cycle moving.
The company first rolled the semi-truck on-stage during a cloud computing event in 2016. It’s designed to get companies’ data into the cloud by transporting a 45-foot-long trailer full of hard drives to an Amazon data center.
But now, CNBC reports that Amazon has stopped offering Snowmobile’s service. A spokesperson tells CNBC that Amazon has “faster and easier” ways to transfer data to AWS.
Rep. Jerry Nadler (D-NY) and Rep. Joaquin Castro (D-TX) wrote a letter to the CEOs of all three companies to ask about the service’s pricing and its potential impacts.
