In this video, I will be talking about The Trade Desk (TTD 2.16%) and why I bought more shares after Snap's (SNAP 1.75%) announcement last week.
- The global ad industry now stands at over $700 billion and is expected to hit $1 trillion by 2025. Gross spending on The Trade Desk's platform reached $6.2 billion in 2021, which is just a drop in the bucket.
- The company reassured its shareholders by doubling down on its previously given guidance after Snap's reduced guidance announcement crashed most digital advertising stocks.
- Q1 was yet another solid and profitable quarter for the company and there are no signs of it slowing down.
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*Stock prices used were the closing prices of May 27, 2022. The video was published on May 31, 2022.
