Why The Trade Desk Stock Tumbled Today
Shares of The Trade Desk (NASDAQ: TTD) were taking a dive for the second time in three earnings reports today. The leading independent demand-side platform (DSP) in adtech posted results that were in line with expectations, but its guidance confirmed that competition was becoming more of a threat to the business.
As a result, several Wall Street analysts downgraded the stock this morning, and shares were down 38.1% as of 10:08 a.m. ET.
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Source Fool.com
