This Is Why Fastly's Stock Is Falling Today
Shares of Fastly (NYSE: FSLY), an edge computing and content delivery network company, were falling today as TikTok, Fastly's largest customer, is facing increasing hurdles to its potential sale.
Fastly's stock fell by as much as 8.5% during this morning's trading. As of 11:12 a.m. EDT, the company's shares were down 5.5%.
TikTok is owned by Chinese internet company ByteDance, which is considering selling the social media app after the Trump administration threatened to shut down TikTok in the U.S. over national security concerns. TikTok is suing the U.S. government over the ban.
Source Fool.com
