Given that this is an ongoing investigation and we may not have all the information that we can share, but we will try to be as transparent as possible. We will not release the name of any victims until the next of kin notification has been complete. We will not speculate as to any intentions, motives, or backstories.Um, given that this is an ongoing investigation, when you ask your questions, we ask that you please give your name and the affiliation in case we need to do a follow-up. And it's a little hard ...

Financial Data and Key Metrics Changes - Q2 revenue was $148.7 million, representing a 12% year-over-year growth, an improvement from 8% in Q1 [15][30] - Gross margin improved to 59%, a 170 basis point gain quarter-over-quarter [16][32] - Operating loss was $4.6 million, better than the guidance midpoint of $6 million [17][33] - Cash flow from operations was $26 million, or 17% of revenue, indicating strong cash management [18][35] - Free cash flow for Q2 was $10.9 million, a significant improvement from negative $18.5 million in Q2 2024 [36] Business Line Data and Key Metrics Changes - Security revenue reached a record high of $29.3 million, accounting for 20% of total revenue, with a 15% year-over-year growth [16][30] - Network services revenue was $114.9 million, growing 10% year-over-year [29] - Other products revenue grew 60% year-over-year, primarily driven by compute products [30] Market Data and Key Metrics Changes - Total customer count increased to 3,097, with enterprise customer count at 622, reflecting a 27 increase from the previous quarter [19] - LTM Net Revenue Retention (NRR) improved to 104%, up from 100% in Q1 [19][31] - Revenue from customers outside the top 10 grew 17% year-over-year, outpacing overall revenue growth [20][30] Company Strategy and Development Direction - The company aims to accelerate growth and drive towards profitability, focusing on customer needs and product responsiveness [9][10] - Three pillars of expansion include targeting performance-focused customers, cross-selling within the existing customer base, and geographic expansion [20][22] - A new leadership position was created to drive opportunities in the APJ region, indicating a focus on international revenue growth [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the pricing environment, citing increased discipline in negotiations and a stable macro environment [48][50] - The company anticipates continued double-digit growth rates year-over-year for Q3 revenue [18] - Guidance for 2025 revenue was raised to a range of $594 million to $602 million, reflecting a 10% annual growth at the midpoint [41] Other Important Information - The company announced leadership changes, with a new CFO, Richard Wong, joining the team [11][12] - The company is focused on improving customer acquisition and reducing onboarding friction, with a 50% increase in packages sold year-over-year [24] Q&A Session Summary Question: Is the management change a new chapter for Fastly? - Management acknowledged the change as a new chapter and emphasized the opportunity to build on established momentum and accelerate results [44][46] Question: What is the outlook for the pricing environment? - Management noted an improving pricing environment due to increased discipline in negotiations and stability in the macro environment [47][50] Question: Can you provide insights on the cross-sell initiative? - Management highlighted strong customer interest in new products and the impact of the platform strategy on cross-selling opportunities [53][55] Question: What is driving the volatility in security revenue growth? - Management explained that volatility was due to historical trends and customer concentration, but stability is expected moving forward [78][81] Question: Can you elaborate on competitive displacements in DDoS? - Management indicated that new DDoS and bot mitigation products have led to consolidations from third-party vendors, enhancing customer experience [82]

Public Safety Concerns in Washington DC - The report highlights concerns about public safety in Washington DC, stating it's unsafe for tourists, students, and residents [6] - The report suggests the city council and mayor have not adequately ensured the safety of the nation's capital over a long period [7] - The report mentions that increasing funding for security and safety in the nation's capital is necessary [5] Federal Government Involvement - The report suggests a stronger partnership between the federal government and Washington DC is needed to improve safety [3] - The report indicates the federal government should play a more active role in ensuring the safety and security of Washington DC [2][5] - The report contrasts the situation in Washington DC with Los Angeles, implying different approaches to public safety are required [2][3] Potential Federal Intervention - The report references a suggestion to "federalize" Washington DC if the local government doesn't improve safety and protection [1] - The report criticizes the personalization of policy, arguing against federalizing a city based on a single incident [1]

And more from the president yesterday. The president is threatening to order the federal government to take over Washington DC. In a lengthy social post yesterday, Trump slammed the city's government, which is run separately from the White House, writing, quote, "If DC doesn't get its act together and quickly, we will have no choice but to take federal control of the city and run this city how it should be run and put criminals on notice that they're not going to get away with it anymore." He then doubled d ...

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Security Recommendations - Binance recommends reading an article about opsec (operational security) [1] - One wrong click can lead to the loss of everything [1] - Opsec is not popular, but it is important to move slowly and protect yourself [1]

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