DigitalOcean Has a Brilliant Growth Strategy -- Here's What Investors Want to Know

2022 hasn't been a pleasant year for stock investors, and it's been especially brutal for investors in young tech businesses. DigitalOcean (NYSE: DOCN), a provider of cloud services, hasn't been an exception, as shares have tumbled about 70% over the past eight months.

Having said that, DigitalOcean is not like just any other young tech company. Its business is doing very well, and its carefully crafted land-and-expand growth strategy is laying the foundation for an even brighter future. 

DigitalOcean, a young public company that IPO'd in March 2021, is simplifying the adoption of cloud computing for small and medium-sized businesses, a relatively underserved segment.

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Source Fool.com