Shares of Block Inc. were falling 6% in after-hours trading Thursday after the payment-technology company swung to a loss and projected that July volume growth in for the Square seller business would be lower than what was seen in the second quarter when looking on a year-over-year basis. Read More...
Motley Fool
Why Fastly Stock Is Falling Today
Shares of Fastly (NYSE: FSLY), a content delivery network company, were tumbling today after management reported second-quarter results that disappointed investors. Fastly beat analysts’ top-line consensus estimate, but earnings fell short of Wall Street’s expectations. In a press release, CEO Joshua Bixby said, “We are pleased to continue our revenue momentum into 2022, exceeding the top end of our guidance range and representing another record revenue quarter, further demonstrating Fastly’s value with our existing and new customers.”
