Shares of Magnite (NASDAQ: MGNI) fell 34.8% in November, according to data from S&P Global Market Intelligence. The programmatic digital ad buying platform delivered earnings results that missed analysts' expectations, and also warned of soft trends and difficult comparisons in the current quarter. Adding additional pressure, high-multiple growth stocks were hurt when Federal Reserve Chairman Jerome Powell indicated the Federal Reserve may taper its bond purchases faster than expected, which would tighten financial conditions.
If you have the ability to buy small amounts of Latch (NASDAQ: LTCH) and PubMatic (NASDAQ: PUBM) and hold them for decades in a diversified portfolio, you might end up with two stocks that change your life in retirement. Latch is seeing rapid adoption of its smart locks for large apartment complexes across the United States. Today, more than 30% of new apartment buildings are being built with Latch locks installed.
IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with the CEO of AdTheorent, Inc. to discuss the company’s business combination with MCAP Acquisition Corp. (Nasdaq: MACQ), M&A activity within AdTech, AdTheorent’s post-deal future, and key transformations in the advertising space. The event featured AdTheorent CEO Jim Lawson joined by IPO Edge Editor-at-Large Jarrett Banks and Multimedia […]