Here's Why Fastly Is Falling Even More on Friday

The stock market was in a positive mood Friday with the major U.S. indexes up fractionally as of mid-afternoon. But that didn't stop edge-computing platform operator Fastly (NYSE: FSLY) from getting crushed for a second consecutive day. After shedding 27% of its value on Thursday, Fastly was down by another 5.5% as of 2 p.m. EDT.

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There was no new company-specific news about Fastly Friday -- the day's decline appears to be simply a continuation of Thursday's selling, which was fueled by a disappointing preliminary third-quarter report.

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Source Fool.com