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FILED BY ADEQUATE · DARPA-HRO-11-C-0031

TechCrunch · FRIDAY, MAY 8, 2026

Cloudflare Revenue Hit a Record High the Same Quarter It Eliminated 1,100 Positions

ADEQUATE ASSESSMENT

The positions were not eliminated because the company was struggling. This distinction has been made clearly in the earnings call. Adequate has noted the timing. Adequate always notes the timing.

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ORIGINAL FILING

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