Diamonds and Dogs

8/10/22

Trade Desk (TTD) jumping on earnings. The cloud based digital advertiser is up 34% on in line earnings as sales rose 34.6% to $376.96 million. Trade Desk provided upside guidance many of the world's leading brands are signing major new long-term contracts. That's good news for the other advertisers.

Video game business struggling. Roblox (RBLX) is down 6% after the video platform company reported a wider-than-expected second-quarter loss and said bookings declined 4% year over year. It is the latest videogame company to report disappointing sales in recent weeks. The company, which offers tools for users—primarily children and teens—to create and interact with friends in their own virtual worlds.

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