FSLY Deadline: FSLY Investors Have Opportunity to Lead Fastly, Inc. Securities Fraud Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Fastly, Inc. by shareholders, alleging that the company misled investors regarding its business operations and growth prospects during the specified period [1][3][6]. Group 1: Allegations and Impact - The lawsuit claims that Fastly made false and misleading statements about its growth, particularly indicating that it was experiencing a significant deceleration in growth among its largest consumers [6]. - It is alleged that Fastly was losing market share gained from the 2023 Content Delivery Network (CDN) consolidation trend, which could materially negatively impact its revenue growth [6]. - The company is accused of being unlikely to meet its previously issued revenue guidance for the 2024 fiscal year due to these issues, leading to an overstatement of its financial position and prospects [6]. Group 2: Legal Proceedings - Shareholders wishing to serve as lead plaintiffs must file their motions by July 23, 2024, to represent the class in the lawsuit [1][7]. - The Rosen Law Firm is conducting an investigation into the allegations against Fastly and is offering representation on a contingency fee basis, meaning shareholders pay no fees or expenses unless the case is won [2][3].