As reported earlier, the U.S. Department of Commerce announced prohibitions on transactions relating to mobile applications WeChat and TikTok to “safeguard the national security of the United States.” Following Fastly’s (FSLY) Q2 report, Piper Sandler analyst James Fish said the company has 12% exposure to TikTok, adding that TikTok was a larger percentage of Fastly’s revenue than he would have estimated. In pre-market trading, shares of Fastly are down $2.42, or 2.9%, to $80.00.