Reported 2 days ago
The Trade Desk saw its stock plunge by 38.6% after announcing a slowdown in growth, despite a 19% rise in revenue to $694 million year-over-year. The company projected further deceleration with expected quarterly revenue of at least $717 million and announced a CFO transition. Analysts expressed concerns about long-term growth sustainability and competitive pressures, resulting in a downgrade to the stock's rating.
Source: YAHOO