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Stocks on the move: United Airlines posts $1.8B loss, Fastly falls on guidance cut

Yahoo Finance's Julie Hyman breaks down the stocks to watch Thursday.

Video Transcript

JULIE HYMAN: One of them is United Airlines. Their shares are down by about 4%. The company posted a lost last quarter of $1.8 billion on a per share basis. It was wider than estimated. Revenue down 78%. The company did say it shrink its daily cash burn to $25 million, down from $40 million in the second quarter. We're going to have more perspective on this and the other airlines and their liquidity positions with James Gellert of RapidRatings in just a few moments.

Also, we are watching shares of Fastly. I mentioned this with Mark Hackett a few moments ago. Fastly shares are down by 25% today. The company increases the speed of content delivery over the internet. And it has previously said its largest customers, ByteDance, the parent of TikTok, well, late yesterday, it cut its revenue guidance because of reduced use from its largest customer, and we are seeing some of the other high flyers this year also take a hit in the wake of that.