Why Magnite Stock Was Tumbling Today
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