Shares in Cloudflare dropped as much as 6% in pre-market trading on Friday before paring some of those losses and trading about 2.5% lower.
A major outage at Cloudflare last month disrupted websites ranging from X to ChatGPT for several hours. Internet usage around the world has been hobbled on several occasions in recent memory due to glitches at companies that provide the digital infrastructure that keeps websites running, highlighting how global connectivity is dependent on relatively few players.
Websites for the Norwegian and Swedish governments were both down, with outages widespread for a number of Norwegian state entities, including the central bank, the sovereign wealth fund and the tax authority.
Cloudflare’s software is used by hundreds of thousands of companies globally, acting as a buffer between their websites and end users and working to protect their sites from attacks that might overload them with traffic. Its widespread use is why many popular websites go down or are unreliable during Cloudflare outages.
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