Major Outages Impact Google Cloud, OpenAI, More This Week
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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.
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.
Social media users are claiming that the massive internet outage on Wednesday, which resulted in a Cloudflare and GCP downtime, was due to a cyberattack.
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.)
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.
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A new report out today from Cloudflare Inc., marking the 11th anniversary of Project Galileo, reveals a sharp increase in cyberattacks targeting civil society organizations, with application-layer distributed denial-of-service attacks overtaking traditional web exploit attempts by a wide margin.
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.