Near a 1-Year Low, Is Fastly a Buy?

·3-min read
Near a 1-Year Low, Is Fastly a Buy?

Fastly (NYSE: FSLY) is a promising content delivery service provider whose stock has gone essentially nowhere when comparing prices from this time a year ago. Its strong run-up in 2020 evaporated in October after the company's biggest client, ByteDance, the Chinese owner of Tiktok, pulled the plug on its content delivery services order with Fastly after former President Donald Trump issued an executive order that threatened to ban transactions with Tiktok by American businesses, citing privacy concerns. Trump called for TikTok to be sold to an American company if it wished to avoid further sanctions.

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