It's Time to Admit That Fastly Stock Is Drastically Overvalued

Shares of content delivery network provider Fastly (NYSE: FSLY) have been getting hammered ever since the company cut its guidance in October due to lower revenue from its largest customer TikTok and lower usage from some of its other customers. Fastly stock has now been cut in half since peaking prior to the guidance cut. Fastly's revenue growth is set to slow dramatically despite a worsening pandemic ostensibly providing benefits to cloud-based companies.