Fastly Sinks on Sales Forecast Miss and Financial Chief Departure

Fastly  (FSLY) – Get Report shares plunged on Thursday, falling more than 22%, after the cloud-software company lowered its second-quarter and full-year revenue forecasts and said its chief financial officer was stepping down.

At last check, shares of Fastly were down 22.56% at $44.90 after the company reported a non-GAAP per-share loss of 12 cents, a penny wider than the loss of 11 cents  expected by analysts polled by FactSet. 

On a GAAP basis, per-share earnings were 44 cents vs. 28 cents expected by analysts polled by FactSet.

Revenue was $85 million, up 34.9% year over year and

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Florida adds ‘Freedom Week’ sales tax holiday, encouraging entertainment and recreation

A $196.3-million tax package is headed to Gov. Ron DeSantis’ desk after lawmakers Friday signed off on a series of proposals, including sales-tax “holidays” for back-to-school shopping, hurricane-season preparations and encouraging people to get out for some entertainment and recreation.

The House voted 117-1 to pass the package (HB 7061), which earlier received unanimous support from the Senate. The bill has 22 separate parts, including a long-discussed repeal of an unused pool of state money approved in 2014 to help build and renovate professional sports stadiums.

The package also would create a college internship program that

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Airport crowds, airline ticket sales show travel recovering

American Airlines says bookings are coming back — they’re nearly at pre-pandemic levels

DALLAS — Evidence is mounting that Americans are eager to drive or fly somewhere after being mostly cooped up at home for a year.

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How Can Your Hotel Win More Sales in a Changed World?

Hospitality is a notoriously competitive landscape, one in which business is earned, not given. This will remain to be true as we move beyond the restrictions of a year-long pandemic, with prospective travelers hungry for new experiences, new landscapes, and renewed connections with peers, colleagues, friends, and family. This pent-up demand for safely managed travel and events will, in large part, help to define the hospitality industry’s long-awaited path to recovery. And now, more than ever before, hoteliers are encouraged to turn their attention to group business.

In-person meetings and events are expected to surge in the latter part of

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