A securities fraud lawsuit may allow this to happen

BOSTON, June 11, 2024 (GLOBE NEWSWIRE) — Block & Leviton announces that it has filed a lawsuit against Fastly, Inc. (NYSE: FSLY) and certain of its executives have been filed with securities fraud lawsuits. Investors who lost money on their Fastly investment should do so contact the company to learn more about how they can recover these losses. More details can be found on the website

What is this all about?

A lawsuit was recently filed against Fastly, Inc., alleging that the company and its executives misrepresented to investors that new customer acquisition in 2023 would drive revenue growth in calendar year 2024, when in fact Fastly was experiencing a significant slowdown in growth among its largest customers and was losing market share gained from consolidation in 2023. On May 1, 2024, Fastly lowered its 2024 revenue guidance by $35 million and explained in an earnings call that ”