“By far, the show-stopper this year was the announcement of R2 Storage, an S3-compatible Object Storage service that directly takes aim at AWS’ "Hotel California" business model.”
AWS lets your data check in cheap and charges a fortune to leave. R2 speaks the S3 API with egress Cloudflare’s CEO calls six orders of magnitude cheaper. Cloudflare doesn’t need to beat S3 on features. It just needs to make the exit tax look as indefensible as it is.