Ad tech firm Trade Desk sinks as auto, Hollywood strikes hit forecast ...Middle East

TOP world News today - News
Nov 10 (Reuters) – Shares of advertising tech firm Trade Desk (TTD.O) plunged more than 24% on Friday following a quarterly revenue forecast dented by a slowdown in spending by labor strike-hit automakers and media companies. The projection, given late on Thursday, was in stark contrast to expectations of an advertising market rebound signaled by upbeat performances from Alphabet’s (GOOGL.O) Google, Meta (META.O) and Snap (SNAP.N). “After hearing commentary across the digital ad space to date, we are a bit surprised by the weak guide, but the company’s exposure to brand and top of funnel could be the driver,” Piper Sandler analysts said. Trade Desk has what it calls “a marketplace” of more

Hence then, the article about ad tech firm trade desk sinks as auto hollywood strikes hit forecast was published today ( ) and is available on TOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Ad tech firm Trade Desk sinks as auto, Hollywood strikes hit forecast )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News