Why Fastly Stock Fell Again On Friday

Shares of content delivery network (CDN) operator Fastly (NYSE: FSLY) fell as much as 10.7% on Friday morning, following an 18% drop on Thursday. While yesterday's decline stemmed from investors taking some profits off the table after another impressive earnings report, Friday's price cut was the result of the Trump administration threatening to shut down social video service TikTok, which is Fastly's largest customer. President Donald Trump's 176th and 177th executive orders declared that social media service WeChat and short-form video-sharing platform TikTok are threats to national security because of their deep access to user information and tight ties to the Chinese government.