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DigitalOcean Shares Plunge 9% on High Volume

Tags: , , , , , Date/Time: January 15, 2022 @ 1:33 am, by raindog308

DigitalOcean (NYSE:DOCN) shares dropped 9% today.  Volume was more than double normal. It’s been a rough season for DO.  Shares today traded for as cheap as $59/share – well off the stock’s highs above $130/share only two months ago. The reason for the plummeting valuation is not clear.  Some possibilities: DigitalOcean was overpriced.  It may […]

DigitalOcean Customer Billing Data Exposed in Security Breach

Tags: , , , , Date/Time: April 28, 2021 @ 5:46 pm, by raindog308

DigitalOcean (DOCN) acknowledged today that it has informed some customers that DO had “confirmed an unauthorized exposure of details associated with the billing profile on your DigitalOcean account.” DO has since fixed the security flaw that lead to this unauthorized access, which happened between April 9 and April 22.  A copy of the email to […]