Reported 3 days ago
The Trade Desk's stock fell over 30% after a disappointing fourth quarter, missing both revenue expectations and its own guidance for the first time in 33 quarters. Meanwhile, AppLovin saw a 20% surge following strong earnings, surpassing The Trade Desk in market capitalization. Although The Trade Desk's CEO blamed execution errors for the decline, the growing competition from AppLovin raises concerns about the company's future growth prospects.
Source: YAHOO