Here's Why I Doubled Down on Fastly
One of the undisputed facts about investing is that stocks fall, but the severity of the drop isn't always justified. Content delivery network (CDN) specialist Fastly's (NYSE: FSLY) stock recently tumbled as much as 51% on news that TikTok parent ByteDance -- Fastly's biggest customer -- reduced its traffic on the platform in response to a pending ban by the U.S. government. While some investors were selling off the stock, others saw it as a buying opportunity.
In this Earnings Review episode that aired on Fool Live on Oct. 28, Fool.com contributor Danny Vena addresses why Fastly tumbled and why he viewed it as an opportunity to double down on the stock.
Source Fool.com
