The sun hasn’t been shining on Wall Street this week as tech stocks dipped precipitously – The Trade Desk among them.
Despite turning in decent earnings, TTD’s stock dove by more than 25%, making it one of the most affected of the ad tech bunch.
It was a surprising development after more than a year of fair weather for ad tech. But now that a few clouds have started to gather, is the forecast still rosy for ad tech, both on the stock market and on the M&A front?
But not everyone is waiting around for that to happen. We also discuss the trend of independent ad tech talent migrating to walled gardens. Although not a new phenomenon by any stretch, what does it mean that people in-the-know appear to be fleeing the open web on the eve of the end of third-party cookies?
(P.S. Things move so quickly in tech that just a few hours after we recorded this episode, Antonio Garcia Martinez was already out at Apple.)
Also in this episode: Our editorial team’s analysis of the intro music on earnings calls and the “tells” we’ve learned as reporters about what an earning call’s vibe says about Wall Street/CEO relations.