The bulk of the data transferring is static files because they're hosting large assets, but the rest of the article is about their API, database, etc.
A single server in a single datacenter isn't comparable to a global CDN. They made it clear in the article that they value global latency, and they're willing to pay more for it.
> Here is a 3.3 GHz Xeon, 24 GB of RAM, with the required disk and bandwidth for $33: https://oneprovider.com/order/item/dediconf/59
That has mechanical spinning hard disks and a CPU that was released literally a decade ago.
You're not going to replace Cloudflare, Firebase, their API server, and a global CDN with a single 10-year old machine serving files from a mechanical spinning hard disk, hosted by a company that almost nobody has heard of.