The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 23, 2024 in Fastly Lawsuit

Core Viewpoint - The allegations against Fastly, Inc. suggest that the company misled investors regarding its growth and market position, particularly during the class period from February 15, 2024, to May 1, 2024, which may have significant implications for its financial outlook and stock performance [2][6]. Group 1: Allegations - The complaint alleges that Fastly experienced a significant deceleration in growth among its largest customers, contrary to its representations to investors [2]. - It is claimed that Fastly was losing market share gained from the 2023 content delivery network consolidation trend, which is expected to negatively impact the company's revenue growth [2]. - The company is unlikely to meet its previously issued revenue guidance for FY 2024 due to these issues, leading to an overstated financial position and prospects [2]. Group 2: Shareholder Actions - Shareholders who purchased shares of Fastly during the specified class period are encouraged to register for potential lead plaintiff appointment, with a deadline set for July 23, 2024 [3][6]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [3].