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Trade Desk (TTD) shares fall 4% after company announces 15% workforce reduction; AppLovin (APP) rises 3%, Magnite (MGNI) drops 1%
The Trade Desk's stock decline follows its Q2 2026 revenue miss and a 62% year-to-date loss. The company plans to complete the workforce reduction, which includes $39 million to $51 million in restructuring charges, by Q3 2026, aiming to redirect resources to higher-priority growth areas. Peers AppLovin and Magnite reported stronger operating results, with AppLovin's AI-driven advertising engine setting a market standard.
Source：Yahoo财经 · Source Link
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