Fastly, Inc. Class Action: The Gross Law Firm Reminds Fastly Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 23, 2024 - FSLY

Core Viewpoint - The Gross Law Firm has initiated a class action lawsuit against Fastly, Inc. (NYSE: FSLY) due to allegations of misleading statements and failure to disclose significant issues affecting the company's growth and revenue guidance [4]. Group 1: Allegations Against Fastly - The complaint alleges that during the class period, Fastly issued materially false and/or misleading statements regarding its growth, particularly indicating that it was experiencing a significant deceleration in growth among its largest customers [4]. - It is claimed that Fastly was losing market share gained from the 2023 content delivery network consolidation trend, which was likely to have a material negative impact on the company's revenue growth [4]. - The company is alleged to have overstated its financial position and prospects, leading to public statements that were materially false and misleading at all relevant times [4]. Group 2: Class Action Details - Shareholders who purchased shares of FSLY during the specified class period are encouraged to contact the Gross Law Firm regarding possible lead plaintiff appointment, although this appointment is not required to partake in any recovery [3]. - The deadline for shareholders to register for the class action is July 23, 2024, and they will be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [5].