An attempt to block a phishing URL in Cloudflare's R2 object storage platform backfired yesterday, triggering a widespread outage that brought down multiple services for nearly an hour.

Cloudflare ( NET 19.21%) stock is soaring in Friday's trading. The company's share price was up 19.5% as of 2:40 p.m. ET amid the backdrop of a 0.9% decline for the S&P 500 index and a 1.4% pullback ...