Class Action Filed Against Fastly, Inc. (FSLY) - July 23, 2024 Deadline to Join

Core Viewpoint - The article discusses a class action lawsuit against Fastly, Inc. (NYSE: FSLY) alleging that the company made materially false and misleading statements regarding its growth and financial outlook during a specified class period [2][4]. Group 1: Allegations - The complaint claims that Fastly misrepresented its growth, stating that it was experiencing a significant deceleration in growth among its largest customers and was losing market share gained from the 2023 content delivery network consolidation trend [2]. - It is alleged that these issues would likely have a material negative impact on the company's revenue growth and that Fastly was unlikely to meet its previously issued revenue guidance for FY 2024 [2]. - The lawsuit asserts that the company's financial position and prospects were overstated, making its public statements materially false and misleading at all relevant times [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased FSLY shares during the class period (February 15, 2024, to May 1, 2024) are encouraged to register for the class action, with a deadline to seek lead plaintiff status by 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].