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Why Fastly Stock Jumped 335% in 2020

TheMotleyFool

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Shares of Fastly (NYSE: FSLY) skyrocketed 335% last year, according to data provided by S&P Global Market Intelligence, as demand for the company's content delivery network (CDN) service spiked during pandemic-induced lockdowns and social distancing.

Fastly, like many other tech stocks, experienced astronomical share price growth as demand for its services spiked during the pandemic. Fastly's CDN helps speed up the delivery of online content, including video, to users.

Image source: Getty Images.

Source Fool.com

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