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Anyone want to weigh in on the implications of this for Cloudflare?

To build a CDN with mediocre to average performance that can do the job is not as complicated, if its for own use only. You have to really be a giant company with lots of traffic like TikTok to make sense to attempt that. To add security features, and run own code on the edge however with similar performance to CloudFlare or Fastly is not feasible to be maintained in house for most companies. Facebook created their own caching technology Varnish, which is what Fastly is using for their caching engine.

No implications for CloudFlare - they have never promoted as a CDN, and never had a true CDN product. Their focus is on "making the Internet better".
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