If You Invested $10,000 in The Trade Desk In 2016, This Is How Much You Would Have Today
Advertising is an age-old industry, a cornerstone of the global economy. While it will probably always be around, how companies market goods and services has changed over the years. Today, advertising is becoming increasingly digital and sophisticated, and The Trade Desk (NASDAQ: TTD) has been on the edge of innovation since its inception in 2009. The stock went public in 2016 and had you invested $10,000 into its initial public offering, you'd be sitting on $214,000 today.
After the stock appreciated more than 21-fold, it might seem like the golden years are over. Fortunately, The Trade Desk could be just getting started. Here is why the stock's long-term future looks as bright as ever.
Advertising is gradually moving from traditional media like print, radio, and broadcast television to digital formats like online and streaming. According to Research and Markets, the global digital advertising market is valued at around $531 billion today and could grow to $1.5 trillion by 2030.
Source Fool.com
