Technology
Technology

TikTok reliance causes plunge in Fastly shares after massive Covid-era rally

China’s flags are seen close to a TikTok brand on this illustration image taken July 16, 2020. Florence Lo | Reuters Fastly reported better-than-expected quarterly results Wednesday afternoon, however the inventory fell 18% on Thursday on considerations the corporate is overly reliant on China’s TikTok. Joshua Bixby, Fastly’s CEO, stated on his firm’s earnings name […]