The Trade Desk Stock News

The company reported revenue growth for the second quarter but saw its stock price drop.

Major U.S. equities indexes climbed to close out the week as investors weighed comments by Federal Reserve officials suggesting interest-rate cuts could be approaching, as well as President Trump's nomination of Stephen Miran to a Fed position.

The Trade Desk's shares plummeted nearly 40% and analysts blamed a growing rivalry with Amazon. Amazon has expanded its ad business with a Roku deal and live sports on Prime Video.

Shares of The Trade Desk fell almost 40% on Friday and headed for their worst day on record. The ad-tech company reported better-than-expected results for the second quarter, but analysts are increasingly concerned about competition from Amazon.

Shares of The Trade Desk (TTD -38.80%) were taking a dive for the second time in three earnings reports today. The leading independent demand-side platform (DSP) in adtech posted results that were in line with expectations, but its guidance confirmed that competition was becoming more of a threat to the business.

U.S. equities were higher in recent trading, with the Nasdaq on track to set another record closing high, as more companies posted solid earnings. The Dow and S&P 500 were higher as well.

Cloud-based stock Trade Desk Inc (NASDAQ:TTD) is taking a nose dive today, last seen down 39.2% to trade at $53.68, after the company posted a second-quarter earnings miss and slower revenue growth, though revenue exceeded expectations.

Shares of Trade Desk Inc (NASDAQ:TTD) tumbled 38% on Friday morning after the digital advertising technology company posted better-than-expected second-quarter revenue but issued cautious guidance and faced renewed scrutiny over intensifying competition, particularly from Amazon. The company reported second-quarter revenue of $694 million, beating analysts' expectations of $684 million and mark...