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Why The Trade Desk Is Gaining Market Share

TheMotleyFool

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Why The Trade Desk Is Gaining Market Share: https://g.foolcdn.com/editorial/images/705620/the-trade-desk-stock-ttd.jpg

2022 is proving to be a difficult year for many tech companies. One of the most prominent issues many of them are facing is slowing growth in the face of tough year-ago comparisons.

Even some of the biggest names in tech are facing challenges. Alphabet's growth has slowed significantly; Meta Platforms paused hiring as top-line growth turned negative; and Microsoft laid off employees. But somehow, The Trade Desk's (NASDAQ: TTD) second-quarter revenue soared.

The data-driven ad-buying platform company's management team guided for strong growth in Q3, too. Not only is this better performance than many other tech companies this year, but it also comes as most digital-advertising companies are faring far worse.

Source Fool.com

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