202026 Jun
Fastly Stock Soars As Edgy Clients Increase Content Network Use
Type
General News
Companies
Source
Investors
Summary

Operators of online content delivery networks have outperformed during the coronavirus lockdown, but Fastly (FSLY) has been the biggest gainer. "Fastly benefited from higher demand related to the Covid-19 environment, which led to an increase in both traffic and the number of customers electing to use its next-generation platform," Ho said in a recent note to clients. " Fastly and its rivals increase the speed of e-commerce transactions, business software downloads and video streaming to mobile devices. Along with e-commerce firm Shopify and music streaming service Spotify, Fastly customers include messaging app Slack Technologies (WORK), Ticketmaster and GitHub. Trouble is, Fastly went public using a dual-class stock governance structure that gave its chief executive and insiders super voting rights.

Classifications
  • Web and Content Management
  • Content Management
  • Security
  • Fintech & Banking
  • Data Warehousing Software