Why The Trade Desk, Meta Platforms, Roku, and Other Digital Advertising Stocks Crashed Today

·3 min read
Why The Trade Desk, Meta Platforms, Roku, and Other Digital Advertising Stocks Crashed Today

Snap (NYSE: SNAP) issued a warning after the market close on Monday, suggesting that the economic picture was rapidly declining, sending its stock down as much as 41.7%. Pinterest (NYSE: PINS) was hit the hardest, with shares down roughly 22% at 1:30 p.m. ET. Shares of The Trade Desk (NASDAQ: TTD) and Roku (NASDAQ: ROKU) had fallen 19.8% and 18%, respectively.

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