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Why The Trade Desk Fell 16% in June

TheMotleyFool

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Why The Trade Desk Fell 16% in June: https://g.foolcdn.com/editorial/images/877935/smartphone-social-media-ad-tech.jpg

Shares of The Trade Desk (NASDAQ: TTD) were slumping again last month after the leading independent demand-side adtech platform (DSP) got swept up in the broader sell-off in software stocks as investors continue to doubt its growth potential amid rapidly deteriorating sales growth.

Perhaps, the worst news for the company was that Chief Revenue Officer Anders Mortenson was asked to leave the company after just seven months, a sign of disarray and the challenges The Trade Desk is facing.

While there were some positive news items, the overall trend was negative, and the stock finished the month down 16%, according to S&P Global Market Intelligence.

Source Fool.com

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