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Why The Trade Desk, Criteo, and Magnite All Fell Today

·4 min read
Why The Trade Desk, Criteo, and Magnite All Fell Today
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Shares of The Trade Desk (NASDAQ: TTD) tumbled on the company's earnings report this morning, taking down shares of peers like Criteo (NASDAQ: CRTO) and Magnite (NASDAQ: MGNI) along with it. As of 12:35 p.m. EDT, The Trade Desk was down 20.4%; Criteo was off 5.4%, and Magnite had fallen 16.3%. The Trade Desk's results topped estimates and it offered strong guidance for the second quarter.