The Trade Desk Plummets on Dismal Growth Outlook

A shockingly weak forecast from The Trade Desk sent its shares into a tailspin, erasing 39% of their value in a single trading session. The digital advertising technology company’s third-quarter revenue projection of just 14% growth marked a dramatic deceleration from previous performance, triggering a massive investor selloff despite otherwise robust quarterly results.

When The Trade Desk reported its second-quarter earnings in early August, the actual operating results presented a picture Read more...