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Cloudflare took down our website after trying to force us to pay $120000 within 24h (robindev.substack.com)

submitted 5 months ago* (last edited 5 months ago) by starman@programming.dev to c/technology@lemmy.world

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Also, interesting comment I found on HackerNews (HN):

This post was definitely demoted by HN. It stayed in the first position for less than 5 minutes and, as it quickly gathered upvotes, it jumped straight into 24th and quickly fell off the first page as it got 200 or so more points in less than an hour.

I'm 80% confident HN tried to hide this link. It's the fastest downhill I've noticed on here, and I've been lurking and commenting for longer than 10 years.

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[-] foggy@lemmy.world 37 points 5 months ago* (last edited 5 months ago)

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.

[-] raspberriesareyummy@lemmy.world 28 points 5 months ago

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.

Maybe someone dipshit in marketing heavily invested in LLMs, since that's the current hype among dipshits?

[-] kbotc@lemmy.world 2 points 5 months ago

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.

[-] raspberriesareyummy@lemmy.world 3 points 5 months ago

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.

this post was submitted on 26 May 2024

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