Stock Market Today, Aug. 6: Trade Desk Plummets After Hours on Weak Q2 Results

The Trade Desk (TTD) stock plummeted 22% after hours following disappointing Q2 earnings and weak forward guidance. The company reported results well below analyst consensus and guided for $650 million in sales, far short of Wall Street's $805 million expectation, representing a 12% year-over-year revenue decline. Meanwhile, competitor Magnite surged 17.66%, highlighting a divergence in the ad tech sector.