Aug. 22 at 4:14 PM
$TTD observation: the stock narrative and business reality look very different.
Headlines: collapse, downgrades, competition, CEO criticism.
Business: Netflix access expanding, Dentsu selecting TTD as its first DSP integration partner, deeper Adobe + Databricks integrations, expanding commerce/travel data, >95% customer retention and fresh Kokai wins.
Meanwhile: ~75M shares short, cheap borrow, stock pinned around
$13–14, and little positive business coverage.
The earnings slowdown is real. But so is the disconnect. Follow the business, not just the narrative.