|Bid||18.00 x 900|
|Ask||18.45 x 800|
|Day's range||17.12 - 18.48|
|52-week range||10.63 - 35.25|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||19 Feb 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||26.33|
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Fastly, Inc. (NYSE: FSLY), provider of an edge cloud platform, announced today that it will no longer be participating in the Morgan Stanley Technology, Media & Telecom Conference. The decision was made out of an abundance of caution related to the evolving public health concerns associated with COVID-19. CEO Joshua Bixby, Chief Architect Artur Bergman, and CFO Adriel Lares were scheduled to participate in the conference on March 2, 2020.
Fastly announces real-time traffic trends and phenomena observed across its portfolio of customers during the big game.
Every investor in Fastly, Inc. (NYSE:FSLY) should be aware of the most powerful shareholder groups. Institutions often...
(Bloomberg) -- Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month.The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million.The sale underlines Kalanick’s focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia’s Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week.His remaining 4.2% stake in Uber is valued at $1.9 billion, or less than two-thirds of his $3.4 billion fortune, according to the Bloomberg Billionaires Index. When he was Uber’s chief executive officer, Kalanick said he retained all his shares in the company. That changed after his ousting in 2017. He sold stock in private transactions and had a 6% stake at the time of its May initial public offering.Kalanick has moved quickly to offload Uber shares since the IPO. This month’s trades came after a 180-day lockup period restricting insider and early investor sales expired last week.Uber shares fell 3.9% on Nov. 6 when its lockup expired. Beyond Meat Inc. has done even worse, falling 22% since its lockup ended. Shares in Avantor Inc., Fastly Inc. and Luckin Coffee Inc. all rose Wednesday when their restrictions were lifted.To contact the reporter on this story: Tom Metcalf in London at email@example.comTo contact the editors responsible for this story: Pierre Paulden at firstname.lastname@example.org, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.