Fastly stock plunges more than 25% after TikTok fails to use its software as much as anticipated
October 14, 2020 at 16:33 PM EDT
Fastly Inc. shares plummeted more than 25% in after-hours trading Wednesday, after the software company said that its largest customer, TikTok parent Bytedance Inc., did not use its product as much as expected amid a threatened ban in the U.S.
