Shares of Fastly (NYSE: FSLY) are rising today as the company's largest customer, TikTok, has so far avoided a nationwide ban that was supposed to take effect today.
The technology stock's share price was up by as much as 7.6% in morning trading and had gained 4.9% as of 11:43 a.m. EST today.
The fate of Fastly's biggest customer has been anything but clear for months now. The Trump administration has been concerned that TikTok, which is owned by China-based ByteDance, poses a national security threat.
Source Fool.com