DigitalOcean (DOCN) acquired Cloudways, a managed hosting provider. There was a launch of DigitalOcean functions and the company opened a data center in Australia. It also ended 2022 with 129K customers that spent between $50 to $500 monthly. "We have accelerated free cashflow despite topline weakened growth and we feel good for the 2023 outlook. I think the DOCN stock price will reflect over the long haul for the company," says CEO Yancey Spruill.
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