> Cloudflare expects second-quarter revenue of $664 million to $665 million,
obviously $2.5e9ish/yr is substantial in absolute terms ... but that's it? They intermediate half the internet and only capture $7m/day?
Businesses tend to choose them because they're cheaper than alternatives.
I think about investing in Cloudflare but that P/E ratio scares me off every time.
They are in a great position to generate a lot of value without rising prices, they haven't realized it yet because what they have to do is pretty boring.