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Fastly stock plummets after earnings again; June outage said to have lasting effects

·3 min read
Fastly stock plummets after earnings again; June outage said to have lasting effects
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Fastly Inc. stock plunged after its earnings report Wednesday, which is getting to be a habit. The June outage “impacted our Q2 results and will have an impact on our Q3 and full year outlook,” Chief Executive Joshua Bixby said in a statement. In a letter to shareholders, Bixby explained that the software bug that caused the outage was found within a minute of the outage, and 95% of customers were back online in less than 50 minutes.