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Why DigitalOcean Stock Dropped Nearly 20% Last Month

Shares of cloud-computing company DigitalOcean (NYSE: DOCN) dropped 19.5% in April, according to data provided by S&P Global Market Intelligence. DigitalOcean reported financial results for 2022 on Feb. 16. Since the problem wasn't with DigitalOcean, investors should look elsewhere to explain the nearly 20% drop. Read More...

Shares of cloud-computing company DigitalOcean (NYSE: DOCN) dropped 19.5% in April, according to data provided by S&P Global Market Intelligence. DigitalOcean reported financial results for 2022 on Feb. 16. Since the problem wasn’t with DigitalOcean, investors should look elsewhere to explain the nearly 20% drop.

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