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> Things scale differently in different markets and products.

This is vague.

Running on the cloud is always more expensive than running your own infrastructure past a certain size and always provides less predictable performance.

That doesn't seem obviously true. If you operate a service and I operate a service and their loads are out of phase the cloud provider can serve us both with one set of hardware, halving the price. If I own my hardware, and I'm not a cloud computing provider, I pay the full cost 24x7.

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