Lowey Dannenberg Notifies Fastly, Inc. (“Fastly” or the “Company”) (NYSE: FSLY) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $50,000 in Losses to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Fastly, Inc. for alleged violations of federal securities laws during the specified Class Period, indicating potential legal and financial repercussions for the company [1][2]. Group 1: Lawsuit Details - The lawsuit was initiated by Lowey Dannenberg P.C. on behalf of investors who purchased Fastly common stock between February 15, 2024, and May 1, 2024 [1]. - The complaint alleges that Fastly made false or misleading statements regarding its growth and market share, particularly among its largest customers [2]. - It is claimed that Fastly's revenue growth was negatively impacted, leading to an inability to meet previously issued revenue guidance for FY 2024 [2]. Group 2: Impact on Investors - Following the revelation of the truth regarding Fastly's financial situation, the company's stock experienced a significant decline, resulting in losses for investors [3]. - Investors who suffered losses exceeding $50,000 are encouraged to participate in the lawsuit, with a deadline for Lead Plaintiff applications set for July 23, 2024 [3]. Group 3: Firm Background - Lowey Dannenberg is noted for representing both institutional and individual investors who have faced financial losses due to corporate fraud and violations of federal laws [4]. - The firm has a history of prosecuting multi-million-dollar lawsuits and has successfully recovered billions for its clients [4].