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The Trade Desk reports developments tied to its global advertising technology platform for buyers of advertising. The company operates a self-service, cloud-based demand-side platform that enables ad buyers to create, manage, and optimize digital campaigns across ad formats and devices, including connected TV, mobile, audio, display, and other open internet environments.
Recurring news includes quarterly and annual financial results, customer retention commentary, share repurchase activity, and platform initiatives such as Kokai, Ventura, OpenAds, and PubDesk. Company updates also cover publisher and content partnerships, retail data integrations, supply-chain transparency, connected-TV monetization tools, board appointments, and finance leadership changes.
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The Trade Desk, Inc. (NASDAQ: TTD) announced the approval of all proposals from its special stockholders meeting on December 22, 2020. The approved proposals pertained to the company’s dual-class structure, including establishing a latest termination date and enhancing corporate governance. A minimum of 66 2/3% of the voting power was required, and the company complied with the “MFW” standard. Lise Buyer, Chair of the Special Committee, expressed gratitude for the substantial support from Class A shareholders, emphasizing that these changes will empower the company to invest and innovate for the long term.
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The Trade Desk (NASDAQ: TTD) announced the adjournment of its special stockholders' meeting, now set to reconvene on December 22, 2020, at 12:00 p.m. PT. This decision allows further time to solicit votes on proposals concerning the company's dual-class stock structure and governance enhancements. The record date for eligible stockholders remains October 20, 2020. Proxies submitted before the adjournment will still be valid. Stockholders can attend virtually with a required control number. Detailed information is available in the proxy statement filed on October 27, 2020.
A survey by JWS Research for The Trade Desk reveals that 14% of Australian pay TV users plan to cancel or pause their subscriptions due to the COVID-19 pandemic, surpassing the 11% cancellation rate in the U.S. Among 18-34-year-olds, this figure rises to 23%. Consumer financial constraints, exacerbated by the pandemic, are driving these changes. Additionally, 54% of Australians use free ad-supported streaming services weekly, indicating a preference for ad-supported content. Advertisers must adapt to these evolving consumer habits to maintain engagement in a transforming media landscape.
The Trade Desk, Inc. (NASDAQ: TTD) will announce its financial results for Q3 FY2020 on November 5, 2020, after market close. A conference call is scheduled for 2:00 P.M. Pacific Time. Investors can access the live webcast through the company's Investor Relations website and will also have the opportunity to listen to an audio replay after the call.
The Trade Desk empowers advertising buyers with a self-service technology platform for managing data-driven digital campaigns across various formats and devices.
The Trade Desk (NASDAQ: TTD) has appointed Jay Grant as its new Chief Legal Officer, reporting to CEO Jeff Green. Grant, who brings over 20 years of legal experience from Univision Communications and other media organizations, will be essential as the company navigates complex legal challenges during its global expansion. Green praised Grant’s expertise as a significant asset, while Grant expressed excitement about joining the company at a pivotal moment in the advertising industry.