coinbasethrow

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 was negotiation leverage with datadog ("give us X% off or we go self hosted")

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