Could Fastly Stock Help You Become a Millionaire?
Fastly (NYSE: FSLY) has taken investors on a roller-coaster ride since its IPO in May 2019. The content delivery network (CDN) provider went public at $16 per share, and its stock skyrocketed to a record high of $128.83 on Oct. 13, 2020.
But today, Fastly's stock trades at about $14. A $10,000 investment in its IPO would have blossomed to more than $80,500 before withering to less than $8,800 today. That's a dismal return compared with its larger CDN rival, Cloudflare (NYSE: NET), which went public at $15 in September 2019 and currently trades at about $100.
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Source Fool.com
