Technology

59534 readers

3135 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1156

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

197 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] foggy@lemmy.world 37 points 5 months ago* (last edited 5 months ago) (1 children)

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 (1 children)

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 (1 children)

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.