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I love cloudflare, but related to your last point can they still be called a startup? They’re a publicly traded company whose stock price is currently in freefa
by SmellTheGlove 5y ago
I love cloudflare, but related to your last point can they still be called a startup? They’re a publicly traded company whose stock price is currently in freefall.
- WM9t27Ta 5y agofull disclosure, i am also a share holder and not exactly happy with that... fingers crossed things go better soon...
- deleted 5y ago[deleted]
- eli 5y agoFreefall is a bit unkind. It’s at the same price it was six months ago.
- NewJazz 5y agoFurthermore, many other growth stocks have seen contractions based on macroeconomic policy.
- ZephyrBlu 5y agoMost growth stocks are in free fall right now, so that's not a meaningful point.
- stillicidious 5y agoCloudFlare's stock price changes are related to narratives from the past 2 years rapidly fading, like the retail investing world finally learning what a CDN did right at the start of COVID, and expectations of the interest rate environment shifting. AFAIK there has been no material news to justify what's happening to its stock recently, other than many large players rushing to exit extremely crowded trades they all had in common. There is currently a widespread fear that quantitative tightening could arrive very rapidly, with disastrous effects on high multiplier tech stocks and other debt-fuelled businesses. They've all been getting hammered in uniform since at least December.
- ren_engineer 5y agotheir stock is the same price as last year and up 5X in the last 2 years, not exactly free falling