Michelle Zatlyn, cofounder, president and chief operating officer of Cloudflare. Sportsfile via Getty ImagesMichelle Zatlyn, cofounder of web infrastructure and security firm Cloudflare, is tech’s newest billionaire after the company’s stock reached a new record high on Tuesday. Zatlyn, who serves as the San Francisco company’s president and chief operating officer, owns about a 5% stake in Cloudflare. She is Cloudflare’s second billionaire, following cofounder and CEO Matthew Prince, whose 13% stake helped him reach the $1 billion mark last May. Its stock price has steadily climbed since the IPO, continuing its uptick at the start of the Covid-19 pandemic as consumers and companies increasingly turned online.

Source: Forbes July 06, 2021 20:37 UTC