Why The Trade Desk Stock Lost 24% in August
The adtech company turned in another disastrous earnings report.
Overview
Shares of The Trade Desk (NASDAQ: TTD) were heading lower again last month as the demand-side adtech platform (DSP) again disappointed investors in its second-quarter earnings report.
The company, the leading independent DSP, posted another round of slowing revenue growth and falling profits, as it seems to be losing market share to so-called "walled gardens" like Alphabet, Meta Platforms, and Amazon.
Details
According to data from S&P Global Market Intelligence, The Trade Desk finished the month down 24%. As you can see from the chart below, the stock plunged early in the month after the report came out, and stayed down from there.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.