This is great, thanks! IMO, it is not Fastly's cracks showing rather the market's exburence. It fell off from Q1's highs but went right back up and now down. They obv missed guide, but nothing fundamentally wrong here. Tiktok - customer related to political issue, not product and traffic usage slightly down from the peak in Q2. But will keep rising as we expect DX to continue this decade. Therefore utility models >> ,it is still SaaS, but a utility model than a subscription one.
This is great, thanks! IMO, it is not Fastly's cracks showing rather the market's exburence. It fell off from Q1's highs but went right back up and now down. They obv missed guide, but nothing fundamentally wrong here. Tiktok - customer related to political issue, not product and traffic usage slightly down from the peak in Q2. But will keep rising as we expect DX to continue this decade. Therefore utility models >> ,it is still SaaS, but a utility model than a subscription one.