Cloudflare Stock Plummets After Announcing Job Cuts

WSJ Minute Briefing

The Wall Street Journal

News, Business News

4.1 • 671 Ratings

🗓️ 8 May 2026

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Plus: Chip-makers’ stock gains push Nasdaq to its 11th record close of the year. Corning shares rise after announcing an investment from Nvidia. And strong international sales push Monster Beverage shares higher. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Right, home from work, walk the dog, kids are back.
0:04.4	Mom!
0:05.0	Up the stairs for something.
0:07.8	Ugh, back down, no idea what I went up for.
0:12.0	Mom, what's for dinner?
0:13.6	Chop, sizzle, done.
0:17.1	Hello, fresh, can't slow life down, but it makes bringing everyone together around the table a whole lot easier.
0:23.4	So its phones down, forks up.
0:25.5	Hello Fresh. Bring back dinner time.
0:32.6	Here's your closing bell brief for Friday, May 8th.
0:37.0	I'm Catherine Sullivan for the Wall Street Journal.
0:40.0	The S&P 500 and NASDAQ both climbed to new record highs today. The NASDAQ finished 1.7% higher,
0:48.1	its 11th record closed this year, while the S&P rose 0.8%. Both indexes finished their sixth straight week of positive gains.
0:57.2	Meanwhile, the Dow edged slightly higher.
1:00.3	A strong jobs report and a rally in chip stocks fueled the market gains.
1:04.6	The Labor Department reported that employers added 115,000 jobs last month.
1:09.9	This outperformed the 55,000 that many economists had expected.
1:14.7	Among individual companies, shares of Corning rose 2.5%. Invita announced plans to invest
1:21.1	$500 million in the glassmaker to help expand its manufacturing of fiber optics.
1:27.7	Core weave shares dropped 11% after the cloud provider reported a wider quarterly loss and higher costs for building its data centers.
1:36.7	Shares of Cloudflare dived 24% after the company announced job cuts.
1:42.2	The company plans to cut more than a thousand positions
	...

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