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Fastly’s stock tanks 20% on mixed quarter for cloud-computing company


Fastly Inc.’s stock dropped more than 20% in the extended session Wednesday after the cloud-computing company showed Wall Street a mixed fourth quarter, with revenue coming in below expectations.

Fastly FSLY lost $23.4 million, or 18 cents a share, in the quarter, compared with a loss of $46.7 million, or 38 cents a share, in the fourth quarter of 2022.


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