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Brief: Cloudflare Fired 1,100 People and the Stock Dropped 24%
Published 1 month, 2 weeks ago
Description
Cloudflare cut 20% of its workforce citing AI efficiency while posting record revenue, and the market punished it anyway. Consumer sentiment hit its lowest reading since the survey began in 1952 while the S&P sits at all-time highs. Apple and Intel formalized a chip manufacturing deal that rewrites