FSLY

Cloud computing services provider Fastly, Inc. (NYSE: FSLY) recently revealed that it has acquired an open technology-based push platform, Fanout, which makes building and scaling real-time APIs easier. The terms of the deal have not been disclosed so far. Following the news, shares of the company declined 3.2% on Wednesday. The stock pared its losses slightly to close at $18.03 in the extended trading session. Fastly’s buyout of Fanout is in line with the company’s strategy of adding technologies that enable a smooth and secure experience for customers.
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