cloudways Archives

DigitalOcean to Acquire Cloudways for $350 Million

Aug 23, 2022

DigitalOcean revealed today that they're tired of Cloudways fronting their panel, so they're going to buy them for $350 million. Cloudways has a fantastic business model: they buy a VM for $6, put their own panel in front of it, and sell the VM for $12. This is akin to opening Joe's Hamburger Stand next door to a McDonald's. When someone orders a cheeseburger, you charge them $5 and then walk over to McDonald's and buy...

DigitalOcean to Acquire Cloudways for $350 Million

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