The Trade Desk (NASDAQ:TTD) falls 22% after outlook signals ad spending adjustment
The Trade Desk dropped 21.9% on Friday after reporting quarterly revenue that fell short of analyst forecasts. The company’s third-quarter projection also lagged well below Wall Street estimates. The stock’s plunge wiped out around $1.8 billion in market capitalization, marking it as the S&P 500's biggest decliner and setting its lowest finish since January 2019.
