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Why Magnite Was Sliding Today

TheMotleyFool

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Why Magnite Was Sliding TodayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Shares of Magnite (NASDAQ: MGNI) were heading lower today after the supply-side ad-tech platform (SSP) came up short on the bottom line in its second-quarter earnings report, and its revenue growth slowed.

As a result, the stock was down 6.8% as of 10:12 a.m. EDT.

Image source: Getty Images.

Source Fool.com