Why I'm Still Not Buying The Trade Desk Stock After a 90% Drop

Trade Desk (TTD) is trading about $14 after a steep slide, down roughly 90% from its December 2024 record, according to the article. The advertising technology company plans to cut about 15% of its workforce, expected to be largely completed this quarter, after guiding third-quarter revenue to at least $650 million—about 12% below $739 million a year earlier. Quarterly index changes have also moved the stock out of the S&P 500 into the S&P SmallCap 600. The piece argues the main issue isn’t valuation but deteriorating forecasts: revenue growth has been stepping down and non-GAAP EBITDA guidance falls sharply.