Why Fastly Stock Jumped on Tuesday
Shares of edge computing specialist Fastly (NYSE: FSLY) jumped on Tuesday, rising as much as 10%. As of 2:45 p.m. EDT, the stock was up 7%.
The growth stock's gain comes as shares continue to rebound from a pullback earlier this month. The sharp sell-off in early August was driven by concerns about a disclosure from Fastly management, stating that a meaningful portion of its revenue was coming from social network TikTok. President Donald Trump threatened to ban TikTok, which is owned by a Chinese company, from the U.S. if it does not find a U.S.-owned acquirer for its U.S. operations.
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Source Fool.com
