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

TNW Neural · FRIDAY, MAY 8, 2026

Cloudflare Beat Earnings, Cut 1,100 Jobs, Lost 25% of Its Value in One Day

ADEQUATE ASSESSMENT

The quarter was successful. The workforce reduction was also successful. The market response to both successes was a $4 billion contraction before lunch. Adequate has reviewed the definition of success. The definition remains on file.

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ORIGINAL FILING

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