alt Hacker NewsI'm not saying they're not an interesting company I'm just reflecting on their extraordinary valuation multiple which puts them in a unique league that are predominantly AI bets. Their founder is uniquely strong storyteller. If you look at their capital investment it's just not anywhere close to a top tier cloud player.. so while they offer some interesting building blocks it's just not clear that large workloads move there anytime soon
(https://substackcdn.com/image/fetch/$s_!-PwA!,f_auto,q_auto:...)
Cloudflare went x 10 since their IPO 6 years ago ( stocks).
Revenue:
$ 85 million (2016)
$ 287 million (2019) IPO year
$ 1,670 million (2024)
$ 2,154 million (2025)
https://www.macrotrends.net/stocks/charts/NET/cloudflare/rev...
That's not a crazy valuation multiple considering their growth.
Palentir is a body shop. Cloudflare is infrastructure/cloud. Very big difference ( at least to me)
Stock ( Cloudflare - https://finance.yahoo.com/quote/NET/holders/ ): 90.87% % of Shares Held by Institutions
Stock ( Palantir - https://finance.yahoo.com/quote/PLTR/holders/): 60.09% % of Shares Held by Institutions