faas stock price exhibited a 5-day gain of 4.8%, outperforming the broader tech index, largely driven by Q1 revenue growth of 18% year-over-year. Institutional inflows suggest increased confidence in the company’s AI-powered serverless infrastructure offerings, potentially setting the stage for a test of the $40 mark. And ever since we focused on the paid piece, we have seen significant progress. And we continue to make important steps in improving the overall user experience. And by the way, this is where the work we're doing in personalization. We'll be having its biggest impact and where some of the partnerships we've struck like TikTok, by a way of example will help drive significant growth, I think. The Board's decision appears driven by three key financial factors: 1) A significant portion of the company's cash is being consumed by listing-related costs; 2) The company faces challenges raising additional capital in public markets due to its current stock price; and 3) Any further capital raises might put additional downward pressure on the stock. The faas stock price recorded a high of $39.05 this week, driven by speculative interest ahead of the company’s developer conference where new product rollouts are expected. Such events historically push the stock higher due to heightened media coverage and investor hype.
