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Justin Ferriman Great write-up! I think it’s fair to also point out that DigitalOcean revenue grew 34% YOY last year. They also got approval to buy back 500 million stock, and already bought back 600 million worth of stock last year. Free cash flow grew at 13% as well, but their target was reported to be 20%. So, they decided to fire people and buy back stock instead of improving their offering and investing into their customers.
Justin Ferriman
Great write-up!
I think it’s fair to also point out that DigitalOcean revenue grew 34% YOY last year. They also got approval to buy back 500 million stock, and already bought back 600 million worth of stock last year.
Free cash flow grew at 13% as well, but their target was reported to be 20%. So, they decided to fire people and buy back stock instead of improving their offering and investing into their customers.
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