The global economic downturn resulting from the COVID-19 pandemic led to significant declines in advertising spend during the first quarter of 2020. As a software platform enabling digital advertising, The Trade Desk (NASDAQ: TTD) seems particularly susceptible to weakness in this environment.
Yet the company delivered 33% year-over-year revenue growth in the first quarter. Was it because the economic slowdown didn't hit hard until March? Or are other factors at play? Let's dive into this business to find out if The Trade Desk is a worthwhile investment.
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Source Fool.com