Fastly stock

Fastly shares plunge on worries about TikTok

(CNN)Fastly (FSLY) shares plunged nearly 30% Thursday morning after the company said that demand from its largest customer — TikTok's owner, ByteDance — "did not meet expectations."

In a preliminary third-quarter earnings report, the cloud computing service said it expects quarterly revenue of about $70 million to $71 million, which falls below analyst projections of $73.5 million to $75.5 million.

The drop in revenue, the company says, is a result of the uncertainty surrounding President Trump's TikTok ban.

"Due to the impacts of the uncertain geopolitical environment, usage of Fastly's platform by its previously disclosed largest customer did not meet expectations, resulting in a corresponding significant reduction in revenue from this customer," the company wrote.

That "disclosed largest customer" is ByteDance, which accounted for 12% of Fastly's sales during the second quarter of 2020, according to the company's most recent filing with the Securities and Exchange Commission.

Fastly was one of the pandemic's top-performing companies, having risen more than 350% on the Nasdaq in 2020. Still, the threat of a TikTok ban has loomed large, and CEO Joshua Bixby has acknowledged the potential loss in revenue if Trump's orders were to go into effect.

"Any ban of the TikTok app by the US would create uncertainty around our ability to support this customer," Bixby said on an earnings call in August. "While we believe we are in a position to back-fill the majority of this traffic in case they are no longer able to operate in the US, the loss of this customer's traffic would have an impact on our business."

The company will release full third-quarter results on October 28.

Read:https://edition.cnn.com/2020/10/15/business/fastly-stocks-down-tiktok/index.html

Comments

The Goldbergs • American Broadcasting Company • Airplane • David Leisure • Erica Goldberg • Season premiere

How to watch the new season of ‘The Goldbergs’ Catch the one-hour premiere of The Goldbergs Season 8 tonight, Oct. 21, at 8 p.m. ET/PT on ABC. You can also stream new episodes of the popular sitcom on FuboTV and Hulu + Live (free trial) . Regional restrictions may apply. Tonight’s episode is a tribute to the 1980 comedy classic Airplane! , with the family setting off for an end-of-summer trip to Miami and Murray being none too pleased to be flying coach. Set in the 1980s in Jenkintown, PA, The Goldbergs stars Wendi McLendon-Covey as Beverly Goldberg, Sean Giambrone as Adam Goldberg, Troy Gentile as Barry Goldberg, Hayley Orrantia as Erica Goldberg, Sam Lerner as Geoff Schwartz, George Segal as Al “Pops” Solomon and Jeff Garlin as Murray Goldberg. What channel is ABC on? You can find which channel ABC is on by using the channel finders here: Verizon Fios , AT&T U-verse , Comcast Xfinity , Spectrum/Charter ,...

'The Man' sells land to feed hundreds of homeless elderly

DONG NAI (VIET NAM)- Seeing that many old people no longer have relatives to take care of Ms. Nguyen Thi Hong, 54 years old in Phu Huu commune, Nhon Trach district welcomed home, free care until the end of life. At 4:00 pm, when the sun was calm at the end of the day, the large courtyard in front of Ms. Hong's house in Rach Seven hamlet, Phu Huu commune, Nhon Trach district, appeared more than 40 old men constantly pulling each other out to sit. Each one of them a stone bench, grandparents, grandmothers told each other headless stories. They all have no relatives, some have accidents, are mentally ill, have unstable nerves... from many places taken care of by Ms. Hong. "Time to drink milk and eat cake. I'm used to it so it's time for the instruments to wait in the seats, no one tells anyone," said Ms. Nguyen Thi Hong. Ms. Nguyen Thi Be (light colored shirt), 70 years old, native of Can Tho is the most intelligent of the 76 people who are staying at the shelter. ...

Los Angeles Dodgers • Atlanta Braves • National Leag

Baseball's first fans of 2020 see Dodgers-Braves NLCS opener ARLINGTON, Texas (AP) — Scott McIlroy reached out with his left hand as a batting practice home run clanged off a railing and hit him in the palm, the ball popping in the air before settling back into his grip as he held a cell phone in his right hand. Count the Texas resident and Los Angeles Dodgers fan among the first in the pandemic-shortened 2020 season to catch a pre-game souvenir — and among the first ticket buyers to see live baseball in Game 1 of the National League Championship Series on Monday night. Major League Baseball said it was selling 11,500 tickets per game at Globe Life Field for the series between the Dodgers and Atlanta Braves and plans a similar allotment at the same ballpark when it hosts the first neutral-site World Series starting Oct. 20. McIlroy got a call from a friend knowing the longtime Dodgers fan would want to make the two-hour drive to the Dallas area. “We were wondering what the mixture ...

Bob Newhart

Comedy legend Bob Newhart Turner Classic Movies host Ben Mankiewicz asked comedian Bob Newhart, "Do you know that you were profoundly influential?" "Not profoundly ," he replied. "All right, just influential?" "That's it, I'm not taking this anymore, all right? I'm leaving …" We start with a word of warning: Do not try to flatter Bob Newhart. A pioneer of observational humor, the comedian has imparted his deadpan delivery on award-winning comedy albums and classic TV sitcoms. CBS News Mankiewicz spoke to Newhart last week at the L.A. home he shares with his wife, Ginny. "You're one of these typical Hollywood players, woman after woman, how long have you and Ginny been married?" "57 years," Newhart replied. "Why do you think that is?" "Laughter. There's something about laughter, and the longevity of a marriage." While the world has changed a great deal since he burst onto the scene i...

Dexter

‘Dexter’: Showtime Revives Serial Killer Drama As Limited Series, Michael C. Hall & Clyde Phillips Return Showtime Dexter is back to his blood-splattering ways after Showtime ordered a new limited-series revival of the long-running serial-killer drama. Michael C. Hall , who starred as the title character in the 2006-13 series, is back along with showrunner Clyde Phillips . The premium cable network has handed the series a 10-part run that is set to go into production in early 2021 with a tentative premiere date of fall 2021. The original followed Dexter Morgan, who was a complicated and conflicted blood-spatter expert for the Miami Police Department but moonlighted as a serial killer. Gary Levine, Co-President of Entertainment at Showtime, said that the network was only willing to revisit the “unique” character if they could find a creative take that was “worthy,” and they have “found it”. Related Story 'I Know What You Did Last Summer': Amazon Orders YA Horr...

Los Angeles Dodgers • Tampa Bay Rays baseball team • World Series

The Latest: Arozarena strikes again, gives Rays 1-0 lead ARLINGTON, Texas (AP) — The Latest on Game 6 of the World Series between the Los Angeles Dodgers and Tampa Bay Rays (all times local): Randy Arozarena extended his postseason record with his 10th home run and Blake Snell struck out the side as the Tampa Bay Rays took a 1-0 lead after the first inning in Game 6 of the World Series, when a win by the Los Angeles Dodgers would give them their first title since 1988. It was Arozarena’s third homer in the World Series, the first time a rookie has hit three in the Series since Charlie Keller did it for the New York Yankees in 1939. Arozarena became the first rookie to drive in a run in four consecutive Series games. Arozarena went the opposite way in the top of the first, homering to right off rookie right-hander Tony Gonsolin with one out. Austin Meadows then hit a hard single and Brandon Lowe, who homered off Gonsolin in Game 2, walked before Manuel Margot had a flyout and Joey Wendl...

"No Regrets": 19 times people are ruthless and trivial, they don't care at all

"No Regrets": 19 Times People Were Mercilessly Petty And Didn't Care One Bit "I found an old love letter he had written to me, so I decided to spray it with my perfume, glitter-bomb it, and mail it back to him. I found out later that it actually arrived on his birthday and made a huge mess. It was the perfect revenge, and I don’t regret it one bit." 1. "I mailed cow poop to my stepdad for Father's Day. No regrets. Growing up, he was extremely abusive, especially to my brother, and would make fun of him for having ADHD and a physical disability. Of course, my mom was pissed. I don't talk to her anymore since she decided to stay with him. But my grandma, who loves her grandkids more than life itself, called me in a fit of tears from laughing. She thought it was perfect . As long as I have my grandma's approval, I don't feel guilty!" — kwondoaxprincess2 2. "Coming out to my father was one of the worst experiences of my life. He...

The Voice • Blake Shelton • Gwen Stefani • Kelly Clarkson • Nbc

'The Voice': Blake Shelton and Gwen Stefani Face Off Over a Singer in Season 19 Premiere Blake Shelton and Gwen Stefani are happy to be back together on the new season of The Voice -- but they're not pulling any punches with each other! The couple wasted no time on Monday's season 19 premiere before they were facing off over a singer. Payge Turner, a 27-year-old crooner from Trinidad and Tobago, got an early chair turn from Blake as she covered The Weeknd's "Call Out My Name," but then Gwen hit her button just before the end of the song. "Why are you doing this to me?!" Blake exclaimed, as John Legend warned the hopeful singer, "You're about to break up America's couple!" Blake did his best to make a case for his team -- pointing out the fact that he turned much earlier than his ladylove -- but ultimately, Payge went for the glitz, girl power and cross-genre experience that Team Gwen had to offer. "I'm always l...

Central Vietnam travel | "MUST-VISIT" PLACES IN CENTRAL VIETNAM

The ancient, gentle, quiet, and serene beauty is what tourists often describe as tours to Central Vietnam . Visit the peaceful ancient town of Hoi An , where ancient architecture still remains hundreds of years ago. A little nostalgia will take you to Hue city to see the imprint of time through the tombs, pagodas, palaces and enjoy the typical spicy dishes here. Visiting Da Nang city famous by Ba Na tourist area, My Khe beach, Son Tra peninsula … Quang Binh province is known for the natural wonders such as Phong Nha cave, Son Doong cave Quickly experience these eco-zones in Ha Tinh! August 4, 2021 vinlove 0 Ha Tinh is a sunny and windy land, without too many famous entertainment spots, but in return, it is favored by nature with beautiful and […] Gia Long Tomb of Hue – the resting place of the king who was born in the Nguyen Dynasty August 4, 2021 vinlove 0 N...

Explore the traditional craft villages of Vietnam to see that the Vietnamese people have long-standing occupations, preserving the beauty of cultural values over the centuries. 1. Thu Sy Village - a Vietnamese traditional craft village famous for its knitting Perhaps Thu Sy village is a Vietnamese traditional craft village that few people know. However, this is a craft village with a history of up to 200 years old, located in Tien Lu district, Hung Yen province. This is the place to preserve and develop the knitting profession that was formed about 2 centuries ago. Thu Sy village is located in Tien Lu district, Hung Yen. Photo: @thevietnamwanderers For many first-time visitors to Hung Yen , knitting seems to be very new and strange. However, when you see it, you will realize that this is a very familiar object. It is a kind of fishing gear made from bamboo, cork,… forming many different shapes, serving for fishing. This is a craft village specializing in that production - a ...

Online news, media and entertainment company

Search This Blog