Last week, or a little over a week ago, I sold a third of my stake in Tradedesk shares, as I mentioned previously. I mentioned that I bought that stake in Tradedesk shares for about $44 per share , and sold it for about $13 per share at a huge loss .
I said I would sell for the purpose of recovering tax losses, and I would retain two-thirds of my remaining stake in Tradedesk for now , as this has been one of my most disappointing investments in a long time.
The Trade Desk announced revenue growth of only 3% in the last quarter, reaching $715 million. This was a significant slowdown compared to the company's multi-year history of achieving double-digit revenue growth.
Furthermore, management expects the situation to worsen, forecasting that revenues in the third quarter will only reach $650 million . To make matters worse, the management team stated that it is losing a clear vision of future sales in the coming quarters, as it seems to me that customers are hesitant to enter into agreements with "The Trade Desk".
Mentioning TTD. Uh this thing you this has been a vomit fest frankly. Uh pardon the term there but man oh man this thing had I remember I feel like I wasn't even that long ago stock was over $100.
Look how nasty this is. Terrible day yesterday. Another terrible day here today. Where's the bottom in TTD, folks? I don't know. I've been saying that for a while here. This thing looks like it's tried to bottom several times and really just hasn't.
We're on the verge of entering single digits with the trade desk.
First, the "Trade Desk" (TTD), with a steeply low 64%, is the cheapest-looking of the three. I am focusing on the word "appearance". This company helps other companies purchase digital advertising.
For years, it was a shining star, growing at a rate of 18% annually. But then things went wrong, suddenly and quickly . And the forecast for this quarter is even more terrifying.
This indicates a decrease in revenue. With a decline of approximately 12%. Its large profit margins are collapsing from around 43% to around 25%.
It reminds me a lot At The Trade Desk. They have Similar business models, For a long time it was The Trade Desk figures look Amazing, and the arrow continued to Ascent, and now it has become A company that entered the scope of " "The value" as he describes it Some.
While The Trade Desk focuses More broadly on an area TV commercials The connection and this concept Known as "the Internet" "Open." There is a similarity One is blatant and obvious Exactly, which is that both The two stocks were severely damaged This year because Concerns about the impact artificial intelligence.