Tom King

Traded an eye-watering 111 times revenue, multiple.

It subsequently reached a low of three times revenue in May of 2023.

That would probably translate to a 95% loss or so decline.

And now it's at a more reasonable seven times.

So, yeah, interesting.

I'm not.

You know, this is a complicated system, and in a complicated system, little things can compound.

So it's almost inevitable that something like this would happen.

It's very similar to what happened with CrowdStrike last year.

Remember when CrowdStrike caused that big outage?

You know, it recovered from that.

It got on.

It is the cost of how things are these days.

It is one of the downsides that we must live with.

We gained many advantages from the cloud providers, and this is one of the downsides.

If one of them breaks, they have a large impact on a lot of people.

I'm sure you guys remember, you've been around long enough to remember the days when you would have cold rooms in your office building that were stacked with computing equipment to deliver your

your website and the things that you sold over the internet.

We don't have those anymore.

We outsource that to Google or Microsoft or Amazon.