Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic as Big Tech companies continued to draw closer scrutiny on Wall Street. Read More...
Motley Fool
Why Cloudflare Stock Got Crushed Today
As of 1:36 p.m. ET, the stock was still down 20.3%. The catalyst that sent the cloud computing company plummeting was its quarterly financial report, which was surprisingly robust, but apparently investors wanted more. For the third quarter, Cloudflare generated revenue of $253.9 million, up 47% year over year and surpassing $1 billion in annualized revenue for the first time.
