Magnite Soars 18%, AppLovin Plummets 20%, Trade Desk Declines 6% as Investors Differentiate Between Ad-Tech Successes and Failures
Ad-tech stocks are experiencing divergent movements on Thursday afternoon as investors assess earnings results. Shares of Magnite (NASDAQ:MGNI) are up 18% to $24.33 following a strong second-quarter report that exceeded expectations. In contrast, AppLovin (NASDAQ:APP) is down 20% to $335.84 after reporting mixed results that did not meet high expectations. For reference, the Invesco QQQ Trust (NASDAQ:QQQ) ...
Ad-tech stocks are experiencing divergent movements on Thursday afternoon as investors assess earnings results. Shares of Magnite (NASDAQ:MGNI) are up 18% to $24.33 following a strong second-quarter report that exceeded expectations. In contrast, AppLovin (NASDAQ:APP) is down 20% to $335.84 after reporting mixed results that did not meet high expectations. For reference, the Invesco QQQ Trust (NASDAQ:QQQ) ...
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