Fastly (NYSE: FSLY) reported second-quarter financial results after the regular trading hours on Wednesday. The company reported revenues and net income that were above street expectations.
However, FSLY shares fell 9% immediately following the announcement. Fastly stock is one of the top performers this year, rising 414% since January.
CEO Joshua Bixby said, “The structural and societal changes resulting from the global pandemic continues to significantly accelerate the need for organizations to prioritize their digital transformation. We are in some of the most uncertain times in modern history, but we now clearly see that the major shift to digital will be long lasting.”
The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news
The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business