Fastly (NYSE: FSLY) Plunges on TikTok-Related Sales Hit, Analyst Downgrades

Fastly plunges after revealing its biggest customer, TikTok owner ByteDance, spent less than expected in the third quarter, prompting several analyst downgrades. Shares of Fastly plunged Thursday after the cloud platform provider said its biggest customer, TikTok owner ByteDance, spent less than predicted in the third quarter, and as analysts moved to downgrade their ratings onContinue reading “Fastly (NYSE: FSLY) Plunges on TikTok-Related Sales Hit, Analyst Downgrades”