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Why Magnite Stock Was Tumbling Today

TheMotleyFool

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Why Magnite Stock Was Tumbling Today: https://g.foolcdn.com/editorial/images/722010/ad-tech-woman-looking-at-screen.jpg

Shares of Magnite (NASDAQ: MGNI), the supply-side adtech platform, were taking a dive today after the company missed the mark on the bottom line in its fourth-quarter earnings report and offered underwhelming guidance for the first quarter of 2023.

As a result, the stock was down 18.1% as of 10:14 a.m. ET.

Image source: Getty Images.

Source Fool.com

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