Techrights

Clownflare (Cloudflare) Debt Grows, Losses Continue

Posted by Roy Schestowitz on Dec 03, 2024,

updated Dec 03, 2024

According to this recent analysis, Clownflare "reported a GAAP loss from operations of $30.8 million, which is 7% of its revenue..."

So without the sugar-coating jargon, the company continues losing money (as it had done for ages until some rare fluke). Expect it to "milk" the people/companies foolish enough to have outsourced to it. The CEO already boasts about their milking potential or enshittification.

The company not only operates at a loss. It also has considerable and growing debt:

That's debt of nearly $400,000 per employee!!! Would you wish to invest in that? █