Elon Musk bought Twitter for something like $41b, and now it’s worth maybe half that. Cloudflare alone is worth almost double the pre-Musk market cap of Twitter. Spotify is a relatively small player in the “Internet Content and Information” space, dominated by companies like Google and Meta, but it’s still worth more than triple the pre-Musk market cap, at more than $120b. Current X is about the size of Zillow, currently valued at about $16b.
As a small company that is focused on spreading propaganda and hate speech, building a robust CDN isn’t a core part of X’s business, so it’s normal they’d outsource that. Companies like Meta and Google are big enough to justify doing that in-house.
If I had to guess I’d assume that it’s cheaper than doing it in-house. And considering that Musk fired the vast majority of Twitter’s most talented staff when he took over it’s probably also more reliable, even with today’s outage on the record.
A number of high-profile websites, including X and ChatGPT, went down for many on Tuesday, due to problems affecting major internet infrastructure firm, Cloudflare.
Some Lemmy instances were also down because of it.
Edit: At least that was the case for me.
Why on earth would an org the size of X be using Cloudflare?
X is pretty small.
Elon Musk bought Twitter for something like $41b, and now it’s worth maybe half that. Cloudflare alone is worth almost double the pre-Musk market cap of Twitter. Spotify is a relatively small player in the “Internet Content and Information” space, dominated by companies like Google and Meta, but it’s still worth more than triple the pre-Musk market cap, at more than $120b. Current X is about the size of Zillow, currently valued at about $16b.
As a small company that is focused on spreading propaganda and hate speech, building a robust CDN isn’t a core part of X’s business, so it’s normal they’d outsource that. Companies like Meta and Google are big enough to justify doing that in-house.
If I had to guess I’d assume that it’s cheaper than doing it in-house. And considering that Musk fired the vast majority of Twitter’s most talented staff when he took over it’s probably also more reliable, even with today’s outage on the record.