Why The Trade Desk Stock Tumbled Nearly 40% Friday
1. TTD shares fell nearly 40%, reaching around $54 per share. 2. CEO warns tariffs are limiting advertising spending among major companies. 3. Second-quarter revenue rose 18.7% year-over-year to $694 million. 4. Adjusted EPS of $0.41 fell short of analyst forecasts. 5. New CFO Alex Kayyal replaces Laura Schenkein amid company transition.