Fastly, Inc. Class Action Lawsuit - FSLY

The filed complaint alleges that Fastly, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) contrary to its representations to investors, Fastly was in fact experiencing a significant deceleration in growth among its largest customers and was losing the increased market share it had gained as a result of the 2023 content delivery network consolidation trend; (ii) the foregoing issues were likely to have a material negative impact on the Company’s revenue growth; (iii) accordingly, the Company was unlikely to meet its own previously issued revenue guidance for FY 2024; (iv) as a result, the Company’s financial position and/or prospects were overstated; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the FSLY class action lawsuit, you must have incurred a loss on shares of Fastly purchased during the class period listed above.

If you suffered a loss in Fastly during the relevant time frame or pursuant to the relevant offering(s), you have until July 23, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.