Why Fastly Stock Fell During and After Trading Hours on Wednesday
Shares of Fastly (NYSE: FSLY) rose by as much as 4.2% Wednesday before settling down to a 2.6% loss on the day. After market hours, it suffered an even steeper decline, plunging by over 17%.
Fastly announced that CFO Adriel Lares is vacating his position. He will continue leading the company's finance team until a successor is appointed, after which he'll stay on during a transition period. The company said that it is conducting a search for Lares' replacement, and has hired an unnamed executive search firm to aid in the hunt.
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Source Fool.com
