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DigitalOcean Stock: Bull vs. Bear

DigitalOcean Stock: Bull vs. Bear

DigitalOcean (NYSE: DOCN) is aiming to be a disruptive force in the cloud infrastructure market by tailoring its services to individual developers, start-ups, and small businesses. The company had its initial public offering in March 2021, and the stock has seen some volatile swings across its relatively short history as a publicly traded company. Amid turbulence for the broader market and investors pivoting away from growth stocks, the company's share price has slid roughly 56% year to date and is down about 73% from its lifetime high.