Fastly, Inc. (NASDAQ: FSLY) Investor Alert: Schubert Jonckheer Investigating Possible False Statements Following 31% Stock Drop

Fastly, Inc. (NASDAQ: FSLY) investors that the firm is investigating potential legal claims arising from alleged false and misleading statements about growth and the impact of macroeconomic trends on the company’s business.

On August 10, 2026, U.S. District Judge Jon S. Tigar ruled for the second time that key claims in a securities fraud lawsuit against Fastly and its former CEO and CFO will move forward. The lawsuit alleges that between November 2023 and August 2024, the company misled investors about weakening demand and macroeconomic conditions, despite knowing that revenues were declining and that some of Fastly’s largest customers had reduced usage of the company’s platform. During this period, company insiders reported over $17 million in Fastly stock sales.

The November 2023 statement allegedly caused Fastly’s stock to trade at artificially inflated prices. Judge Tigar found the complaint sufficiently alleged that this misleading statement was made with knowledge or deliberate recklessness. When Fastly subsequently reported lower-than-expected revenue results in February 2024, its stock price fell 31%.

We are investigating potential wrongdoing by Fastly’s directors and officers in connection with these allegations.

If you own Fastly stock, you may have legal options. Please fill out the form below.