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Why Cloudflare Stock Plummeted This Week

·2 min read
Why Cloudflare Stock Plummeted This Week
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Cloudflare (NYSE: NET) stock's terrible year got even worse this week. Shares of the cloud-services business fell a total of 16.1% this week, according to data provided by S&P Global Market Intelligence. The stock's decline comes as the market is rerating growth stocks like Cloudflare lower.