Comment by stego-tech
17 hours ago
Yeah, I wrote this before I dove into their balance sheets for another comment. Cloudflare’s cuts are more defensible than most, but the timing and explanation are shady given that they’ve had the same problems for years.
Turns out running a profitable business is really hard when all you've known was ZIRP.
Honestly think the business lessons from big tech over the last 20 years are hogwash, mostly due to them abusing their monopolies allowing them to subsidize failing BUs indefinitely.
37signals has a better approach to starting software companies, and many of their peers/near peers indicate that it's a better way to sustain lifestyle companies too.
Doesn't turn you into a billionaire tho, maybe that's a plus.