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Cloudflare took down our website after trying to force us to pay $120000 within 24h
(robindev.substack.com)
This is a most excellent place for technology news and articles.
I'm pretty heavily invested in cloudflare. This news is definitely making me reconsider that investment.
What I can say, is their stock is looking very healthy. There are a lot of people buying a lot of stock for them and the prospect over the next 3 to 5 months looks very promising. The only way they wouldn't have cash on hand as if they're spending a ridiculous amount of cash on some project that I'm not aware of, and I feel like I would be aware of it.
This is very peculiar. Definitely warrants further investigation.
Maybe someone dipshit in marketing heavily invested in LLMs, since that's the current hype among dipshits?
Cloudflare is publicly traded. They had $1.6 billion in cash or equivalents in December. Maybe they want to grease up the quarter to show better growth against the market, but that is a fuckload of cash.
or maybe it's just a lower level manager who wants to polish up their revenue numbers to ask for a raise / promotion :) capitalists are ugly little critters like that.