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Could Fastly Stock Help You Become a Millionaire?
FSLYFastly(FSLY) The Motley Fool·2024-03-05 14:09

Fastly (FSLY 2.13%) has taken investors on a roller-coaster ride since its IPO in May 2019. The content delivery network (CDN) provider went public at 16pershare,anditsstockskyrocketedtoarecordhighof16 per share, and its stock skyrocketed to a record high of 128.83 on Oct. 13, 2020.But today, Fastly's stock trades at about 14.A14. A 10,000 investment in its IPO would have blossomed to more than 80,500beforewitheringtolessthan80,500 before withering to less than 8,800 today. That's a dismal return compared with its larger CDN rival, Cloudflare (NET 0.96%), which went public at $15 in ...