By Dhirendra Tripathi
Investing.com -- Fastly (NYSE:FSLY) shares were up almost 4% in premarket trade on Wednesday as the cloud computing services provider apologized for the global outage that shut many known websites a day earlier.
The stock had closed Tuesday’s session with gains of almost 11%.
The company blamed a software bug that was triggered when a customer changed settings. That led to biggest of the websites belonging to Bloomberg, the New York Times (NYSE:NYT), The Verge, Reddit, the U.K. government and many others going temporarily offline.
Fastly hosts a service that large enterprises use to serve content to millions of users simultaneously.
Rather than hosting all website content on a single set of servers in one location, Fastly puts cloud infrastructure in dozens of locations to let people download from a server closest to them.