2024-05-06 12:30:00 ET
Summary
- DigitalOcean is a cloud computing platform for developers at startups and digital businesses, meaning that it directly competes with giants like AWS and Azure.
- The competition also includes other prominent tech companies as well as dozens of smaller players, making the industry look like a "Red Ocean".
- The tough competition in the industry has already led to a significant deceleration in DigitalOcean's revenue growth, and Wall Street analysts expect its future revenue growth to lag versus industry.
My thesis
Read the full article on Seeking Alpha
For further details see:
DigitalOcean: It Will Likely Be Difficult To Survive