Why Fastly Stock Jumped Tuesday
Shares of edge computing company Fastly (NYSE: FSLY) jumped on Tuesday, rising as much as 9%. As of 12:05 p.m. EDT, however, the stock was up 6.1%.
The growth stock's gain comes as it is looking less likely that the Trump administration will be able to ban TikTok app downloads. Investors have been watching TikTok news closely, as the video-sharing app is owned by ByteDance, a Chinese company that is Fastly's biggest customer.
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Source Fool.com