The article is accurate I misunderstood and thought this was a bill paid q1 2023 (after the new 3 year contract) not in q1 2022
Headline is slightly misleading Earnings call said it was an upfront cost
They did build a self hosted alternative based on grafana, Loki, Prometheus Had a whole team of 10+ engineers working on it for 2 quarters, then scrapped it because it performed terribly The only thing that came of it…
I worked at Coinbase until very recently and can confirm this is Coinbase They paid upfront for 3 years of usage, and yes they were burning > $20m/year on datadog
The article is accurate I misunderstood and thought this was a bill paid q1 2023 (after the new 3 year contract) not in q1 2022
Headline is slightly misleading Earnings call said it was an upfront cost
They did build a self hosted alternative based on grafana, Loki, Prometheus Had a whole team of 10+ engineers working on it for 2 quarters, then scrapped it because it performed terribly The only thing that came of it…
I worked at Coinbase until very recently and can confirm this is Coinbase They paid upfront for 3 years of usage, and yes they were burning > $20m/year on datadog