Why Fastly, Pinterest, and Block Stocks All Slipped on Friday
Shares of edge computing specialist Fastly (NYSE: FSLY), visual and search social media platform Pinterest (NYSE: PINS), and financial technology company Block (NYSE: SQ) (formerly known and Square), were all hit hard on Friday. At their worst points during the trading day, the stocks were down 4.2%, 3.9%, and 5.3%, respectively. However, the stocks have recovered some since then. As of 1:15 p.m. ET, Fastly is down 2.3%, Pinterest has a 2.5% loss for the day, and Block's decline is at 5%.
The three stocks' declines are likely almost entirely due to a rough day in the overall market -- particularly for growth tech stocks like Fastly, Pinterest, and Block.
Image source: Getty Images.
Source Fool.com
