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Could Fastly Stock Help You Become a Millionaire?

TheMotleyFool

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Could Fastly Stock Help You Become a Millionaire?: https://g.foolcdn.com/editorial/images/767716/couple-tablet.jpg

Fastly (NYSE: FSLY) has taken investors on a roller-coaster ride since its IPO in May 2019. The content delivery network (CDN) provider went public at $16 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. A $10,000 investment in its IPO would have blossomed to more than $80,500 before withering to less than $8,800 today. That's a dismal return compared with its larger CDN rival, Cloudflare (NYSE: NET), which went public at $15 in September 2019 and currently trades at about $100.

Image source: Getty Images.

Source Fool.com

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