Fastly Fights Off Investors’ TikTok Ties Allegations, for Now

Fastly Inc. is free for now of accusations it made misleading statements about its ties to social media app TikTok, but its investors may amend their complaint and try again, a federal judge in California said.

The investors didn’t adequately allege that the cloud computing company’s statements about its TikTok traffic—and U.S. government scrutiny of the social networking app, owned by Beijing-based ByteDance Ltd.—were false when made, the U.S. District Court for the Northern District of California said Tuesday.

Fastly never claimed TikTok wasn’t a customer, and it “disclosed the very risk plaintiff alleges they concealed: that possible U.S. bans ...