The Trade Desk is an exciting company with a wonderful growth story in the online advertising space. The infamous “J-curves” do exist out there, with The Trade Desk as a perfect example of how revenue can really ramp up. Alas, it’s also an example of how stock-based compensation can skew the economics in favour of executives rather than shareholders.
The recent pain in the share price shows what happens when a valuation gets too hot, so it really is a great company to cover in the growth space.
