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One of Chinese friends in wechat investment group invested 200 shares of FSLY at price of $89.00.
Fastly shares fell as much as 30% in late trading Wednesday after the cloud-platform provider said revenue for the period will be in the range of $70 million to $71 million, compared with its previous guidance of at least $73.5 million. Analysts were estimating sales of at least $74.2 million.
Fastly has been among the biggest pandemic winners in the stock market this year, with its shares gaining more than 500% as a result of increased internet traffic due to stay-at-home measures.
Content delivery networks use a tech distribution platform to push speedy internet content in front of consumers whether they’re buying cases of beer on Shopify, or loading videos on TikTok.
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