FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Fastly Plunges Amid Anticipated Revenue”
Fastly, Inc. (NYSE: FSLY) opened nearly 30% under its previous close after the company warned it may not meet its own revenue expectations for the quarter.
The cloud platform provider ‘s biggest customer, TikTok’s owner ByteDance, spent less than expected in the third quarters as its data traffic shrank. The company now expects revenue of between $70 million and $71 million, instead of the previous benchmark of 73.5 million dollars.
Fastly helps people stay better connected with the things they love. Fastly’s edge cloud platform enables customers to create great digital experiences quickly, securely, and reliably by processing, serving, and securing our customers’ applications as close to their end-users as possible — at the edge of the internet. Fastly’s platform is designed to take advantage of the modern internet, to be programmable, and to support agile software development with unmatched visibility and minimal latency, empowering developers to innovate with both performance and security.
For more information, please visit: Fastly, Inc.
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