Trade Desk's stock drops 35%+ after the company's latest earnings and projections heightened concerns about its growth prospects amid Amazon's ad-tech threat (Ryan Vlastelica/Bloomberg)
201d ago
Technology
Techmeme

Trade Desk's stock price plummeted by over 35% following the release of its latest earnings report and future projections. Analysts are expressing increased concern regarding the company's growth prospects, particularly in light of growing competition from Amazon's advertising technology offerings. The significant stock drop reflects a loss of confidence in Trade Desk's ability to maintain its market position against Amazon's expanding influence in the ad-tech sector. Several analysts are downgrading their ratings for the company.