Reported 1 day ago
The Trade Desk (NASDAQ: TTD) saw its stock plummet by over 13% this week as a result of increased competition from Amazon and Netflix, which formed a new partnership affecting ad inventory access. Following the partnership announcement, analysts downgraded their recommendations, further pressurizing the stock, which investors ultimately sold off. This situation highlights The Trade Desk's challenges in retaining a competitive edge in the digital ad technology market.
Source: YAHOO