Major Outages Impact Google Cloud, OpenAI, More This Week
Digest more
Top News
Overview
Impacts
PM EDT According to the Cloudflare status page, the service issues have been fully resolved. "All Cloudflare services have been restored and are now fully operational," the company wrote. "We are moving the incident to Monitoring while we watch platform metrics to confirm sustained stability.
Cloudflare, Inc (NYSE:NET) on Friday announced the pricing of $1.75 billion convertible senior notes due 2030 in a private offering by institutional buyers. The company also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $250 million aggregate principal amount of the notes to cover over-allotments.
Cloudflare has established itself as a leader in the cybersecurity and content delivery network space, showing resilience against competitors. Learn more on NET stock here.
Any major problems with providers like this will result in lots of your favorite online sites and apps going down. Down Detector on Thursday saw user-reported issues at Twitch, Gmail, Discord, Nintendo Switch Online, Spotify, and dozens more platforms. (Disclosure: Ziff Davis owns both Mashable and Down Detector.)
While not every stock performs well, when investors win, they can win big. Don't believe it? Then look at the Cloudflare, Inc. (NYSE:NET) share price. It's 378% higher than it was five years ago. This just goes to show the value creation that some businesses can achieve.
Explore more
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cloudflare options trades with real-time alerts from Benzinga Pro.
Cloudflare outage not caused by cyberattack, Dutch police identified 126 users of Cracked.io, the Victoria’s Secret cyberattack cost $10M.
NET flourishes in the CDN space with its innovative efforts, while AKAM struggles with declining delivery revenues and pricing shifts.