Why Shares of Fastly Stock Collapsed This Week

Shares of Fastly (FSLY -4.19%) were falling again this week, according to data from S&P Global Market Intelligence. The edge computing company posted weak growth and more losses in the fourth quarter of 2023, leading to the stock falling by as much as 36% for the week. Compared to its all-time high set in 2021, Fastly shares are down 88%, meaning for every $100 investors used to buy shares at the top, they would have just $12 left today.Growing revenue but no profitsIn the fourth quarter, Fastly's revenue g ...