The Trade Desk Stock Tumbles. Is AppLovin the Culprit?
Investors in The Trade Desk (NASDAQ: TTD) were seeing red on Thursday as the stock plunged, but they were also green with envy.As shares of The Trade Desk tumbled more than 30%, fellow adtech titan AppLovin (NASDAQ: APP) was soaring on its earnings report, jumping more than 20% on its fourth-quarter results as it smashed estimates once again.For The Trade Desk shareholders, it was clearly a disappointing turn of events, and seeing AppLovin's shares soar only added insult to injury, as AppLovin has surpassed The Trade Desk as the largest adtech company by market cap.Continue reading
Investors in The Trade Desk (NASDAQ: TTD) were seeing red on Thursday as the stock plunged, but they were also green with envy.
As shares of The Trade Desk tumbled more than 30%, fellow adtech titan AppLovin (NASDAQ: APP) was soaring on its earnings report, jumping more than 20% on its fourth-quarter results as it smashed estimates once again.
For The Trade Desk shareholders, it was clearly a disappointing turn of events, and seeing AppLovin's shares soar only added insult to injury, as AppLovin has surpassed The Trade Desk as the largest adtech company by market cap.
